Gold promotion called misleading for representing only a small part of Ray's wealth, Andy Constan argues

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Gold advocacy questioned by Andy Constan

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Gold promotion called misleading for representing only a small part of Ray's wealth, Andy Constan argues — Gold advocacy questioned by Andy Constan

Andy Constan, founder and strategist at Damped Spring Macro, questioned the integrity of recent gold advocacy, expressing doubt that a small portion of Ray's wealth discussed online accurately reflects Ray's overall gold allocation.

Constan said he holds a 10% allocation to gold himself, but described the referenced gold promotion as potentially deceptive or misinformed in order to convince others to support gold.

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Constan has recently weighed in on equity market events, calling a recent deal for ONDS shares "hugely unfavorable for shareholders" after the stock dropped 55 percent to a new year-to-date low, as reported in ONDS stock hits YTD low. He has also noted that a net long range between 48% and 56% for long/short equity funds is not especially significant, citing a 1.2% return gap in equity funds net long returns. Constan’s market commentary frequently addresses perceived misalignments between messaging and underlying positions.

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