Published: Monday, 10 Jan 2011
5:09 AM ET By: http://www.cnbc.com/
Gold will eventually rally exponentially and investors who don't own the precious metal are "insane," and may be showing "masochistic tendencies," Robin Griffiths, technical strategist at Cazenove Capital, told CNBC. LINK...
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With over 44 years of investment experience and one of the most respected technical analysts of global markets, Robin Griffiths is not someone to ignore. Many have said the definition of "insanity", is doing the same thing over-and-over again and expecting different results. I guess Robin is referring to the gold bears who have been dead wrong for the past TEN years!
The "buy and hold" strategy of most investment managers just doesn't work. Portfolio's must be actively managed by competent people. Those who believe that having a diversified & balanced portfolio for the long-run will pay-off are ignorant to history and the mechanics of global markets. In the end, the clients always lose. BK
