Forbes – Despite the record highs in gold prices, hedge fund managers still like the precious metal in the intermediate term. Outside of the precious metals, high-yield corporate and local currency emerging market debt are another trade favorite that has legs even if the equity markets turn positive.
“I’m going to continue buying silver and gold either through the exchange traded funds, the futures market, or through mining companies,” says Joel Smolen, fund manager at Axion Capital in San Rafael.
