Gold Portfolio Update

16 thg 1, 2023

GOLD has reached my short-term target of $1,925.62 selling 70% of my accumulation averaging $1,679.25. Similarly, the VanEck Junior Gold Miners ETF (GDXJ) reached my short-term target selling 50% of my accumulation averaging $27.96

GOLD: 14.63% profit of 10% portfolio equity
GDXJ: 44.83% profit of 5% portfolio equity

I am keeping liquidity in Gold as my long-term outlook remains bullish and to hedge against the poor macroeconomic environment. The reason for the large profit-taking include:
- Major resistance in both charts (GOLD & GDXJ)
- Momentum indicator over-bought (GOLD & GDXJ)
- US10Y in major resistance:


-DXY in resistance and will rise once equities will stop rising


Overall, trimming on gold because of great returns. My long-term outlook remains very bullish for gold and gold miners. I believe demand for gold will continue to rise in the long term because of its material and hedge against poor international economics (deglobalization, uncertainties, recession, slow growth,...)

For personal recording