Gold Losses Not Quite Steep Enough for Bearish Hedge Funds


Jeff Sica was quoted in Bloomberg. To read the full article, please click here. 

“Gold falling had everything to do with the Fed and the strong dollar. If the momentum turns downward, you’ll see a heck of a lot of downward pressure on any asset, so that’s why gold became a favored asset of the short sellers.”


Jeffrey C. Sica is the President and Chief Investment Officer of Sica Wealth Management, LLC (“SWM”), an SEC registered investment adviser that maintains a principal place of business in the State of New Jersey. The information presented herein may not be suitable for all investors, and no portion of this commentary is to be construed as a solicitation to buy or sell a security, or the rendering of personalized investment, tax or legal advice. Past performance does not guarantee future results, as there can be no assurance the views and opinions expressed herein will come to pass. Investing involves risk, including the potential loss of principal. Please consult a financial professional prior to investing.