It’s Time to Go for Gold Says Kilburg (GLD, IAU, NG)
When traders think the dollar’s in trouble their first instinct is to trade commodities. Suddenly a bid is put in for silver, gold, oil, copper, natural gas… basically anything bought and sold in International markets makes sense when the greenback is in peril. That being the case, when Ben Bernanke and the Fed vowed to Quantitative Ease for the foreseeable future it sent precious metals screaming higher at a pace not seen in more than a year.
Jeff “Killir” Kilburg, founder and CEO of Killir Kapital Management says the move in metals is just getting cranked up. In the attached clip he explains that it’s “game on” for gold now that it’s finally broken out of the $1,575 – $1,642 range he discussed with Breakout last June. “I continue to see gold shine higher,” Kilburg says with a glitter in his eye. The first stop is old highs at $1,925. After that he’s “all about the $2,000 price target.”
No rush, however. Having moved 10% in a month the smart play is picking away at the barbaric yellow metal as it “hovers” until after the election. A way to play in the meantime is buying the long-suffering metals miners. Among these Kilburg is taking a particular shine to NovaGold (NYSE:NG), a name in which famed fund manager John Paulson has a huge position.
See the full “Breakout” interview below:
ETFS Physical Swiss Gold Shares (NYSEARCA:SGOL)
ETFS Physical Swiss Gold Shares (SGOL) is designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. SGOL is intended to provide investors with a return equivalent to movements in the gold spot price less fees.
Expense ratio 0.39%
ETFS Physical Asian Gold Shares (NYSEARCA:AGOL)
ETFS Physical Asian Gold Shares (“the Shares”) are issued by ETFS Physical Asian Gold Shares (“the Trust”). The investment objective of the Trust, Symbol: AGOL is designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. AGOL is intended to provide investors with a return equivalent to movements in the gold spot price less fees.
Gross Expense ratio 0.39% per annum
SPDR Gold Shares (NYSEARCA:GLD)
The objective of the SPDR Gold Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses.
GROSS EXPENSE RATIO: 0.40
iShares Gold Trust (NYSEARCA:IAU)
The iShares Gold Trust (“Trust”) seeks to correspond generally to the day-to-day movement of the price of gold bullion. The objective of the Trust is for the value to reflect, at any given time, the price of gold owned by the Trust at that time, less the expenses and liabilities of the Trust.
Sponsor’s Fee: 0.25%