MacNicol’s Quarterly Commentary- July 2019

I don’t know about you but the recent rally in stocks has me feeling a bit cold, which is surprising. After all, stocks are up quite a bit from the May lows and – after what felt like eons – the weather up here in Toronto beginning to heat up too. All of this is great news, don’t get us wrong, but we think that over the next few months, investors should double down on not only the sunscreen but the common sense as well. More on that in a moment…

Earlier in the month we spent time carefully reviewing the state of the Gold market. Our findings (and our hunch) are detailed below. We hope you will enjoy reading this edition of The Quarterly as much as we enjoyed preparing it.


 

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