Time to update my strategy on gold

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In recent months, I've recommended investors take up gold at certain levels. Gold has risen 9% in under four months to be at around $1,773, however, I don't think this run is going to continue in the short term and below I have refined the strategy.

In my previous notes on gold on 3 September and 14 of June 2012, I recommended investors enter gold at these three points:

  1. 20% of your allocation at $1,616
  2. 30% at $1,574
  3. 30% at $1,688

If followed, you would have been 80% filled in your gold allocation at an average price of $1,627.

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