Ned Schmidt: Gold Going Through Corrective Phase−Relax and Build Some Cash
There will be better buying opportunities later this summer
Ned Schmidt CFA, publisher of the Value View Gold Report, sees gold going through a normal corrective phase. He advises investors to just relax and build some cash. Ned believes the year-over-year comparisons for the gold companies will be poor, which will lead to better buying opportunities in the summer.
Ned is a financial engineer specializing in global capital flows. He has been an advocate and practitioner of value oriented investing for thirty years. Ned began his investment career as a security analyst following the oil industry in the early 1970s. In the 1980s he was manager of an investment management group with discretionary responsibility for about $3.5 billion. During the past decade he also taught institutional investment management as The Roland George Visiting Professor of Applied Investments at Stetson University. He currently manages the Argyle Global Equity Appreciation Fund, an offshore mutual fund in the top quartile of global equity funds the past three years by Standard and Poors. Ned currently publishes THE VALUE VIEW GOLD REPORT, and writes for THE GLOBAL ADVISOR published in Toronto.