GLD: Adding Gold to Investing Ideas (Long Side)

05/19/16 01:32PM EDT

Editor's Note: Please note that our Macro team will send out a full report outlining our high-conviction long thesis next week. In the meantime, below is a brief summary of our thesis sent today by Hedgeye CEO Keith McCullough in Real-Time Alerts.

GLD: Adding Gold to Investing Ideas (Long Side) - gold bar

I was getting a lot of questions on why I wasn't signaling BUY more GLD at higher prices. My answer was that the USD was signaling oversold on the downside and I wanted to wait for an Up Dollar, Down Gold move.

Now we have that priced in.

What would Gold love? Same thing it always loves - Down Dollar, Down Rates. 

That's the call I'm making here.

KM

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