Gold price is attractive now, so don't wait to build a 3% to 8% position - NDR’s LaForge

From kitco.com

Although interest in gold has waned in recent months as prices have struggled to attract new bullish momentum, one market strategist said it continues to play an important role as a monetary asset and portfolio diversifier. John LaForge, Chief Alternative Strategist at Ned Davis Research, said that investors should view gold’s recent correction and current consolidation as an opportunity to build a long-term strategic allocation. He added that the recent buy signal was triggered by pessimism in the marketplace and renewed weakness in the U.S. dollar. “All three of our U.S. dollar trend models are on sell signals. ... (full story)