Look at Major Producers As a Leveraged Play To Gold - Forstrong Global
- Published on Jun 25, 2019
- Fear sentiment flowing through the marketplace is a little overdone, according to Rob Duncan, senior vice president and portfolio manager at Forestrong Global. Talking to Kitco News on the sidelines of the recent Inside ETFs Canada investor conference, Duncan said investors don’t need to get overly defensive at this point. He added that his firm is actually looking to add some more risk to their portfolios. “We think risk is underpriced in the marketplace,” he said. Although the firm is lukewarm on gold, Duncan said that he does like the miners, particularly large producers in the VanEck Vectors Gold Miners ETF (NYSE: GDX). “Unlike gold the miners have been heavily beaten up over the last couple of years,” he said. “While we do see gold ticking up this year we do see more leverage or opportunities within the miners themselves.”
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