BUY GLD @ $167.09

Buying GLD @ $167.09

5% position

Gold hasn't performed very well despite the "inflationary" backdrop. Maybe inflation is transitory? Or maybe gold isn't a good inflation hedge? With risks seemingly heightened, perhaps gold is a flight to safety trade?

In any event, I'm starting my gold position with a pre-market purchase. Going to trade this one by my set of rules - 5% trade sizes with a 15% max position size for ETFs.