Does All that's Golden Glitter? (4/6/23)

(4/6/23) Gold has enjoyed a lot of media attention as it has had a nice run, of late, breaking out above $1,900 to touch $2,000. But Gold is now a bit over-bought, signaling time to perhaps take a little bit of profit if you're long Gold. The last time we saw this scenario, Gold corrected from $1,960 to about $1,750. And as markets have continued on an upward trend since October's lows, Gold has correlated to equities more than any other. Note: The idea of Gold as a risk diversifier really hasn't been the case; it's still more of a speculative trade. When trading commodities, remember that they do not pay dividends, so purchase for price and capital appreciation. We're looking at ten-year treasury notes (TLT) as potential spots to place profits; perhaps the best thing about treasuries is that you'll get your money back, unlike other asset trades. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=eyM2JJqIi8I&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Gold #Commodities #TenYearTreasuries #Bonds #InflationHedge #Markets #Money #Investing