Ongoing consolidation in gold is healthy – UBS
“Gold’s ongoing consolidation between the 100- and 50-day moving averages is healthy, as it will ease some of the persistent concerns on positioning and create room for further gains, according to UBS analysts.”
USAGOLD note: UBS is on the $1600 gold bandwagon. In fact, the Swiss banking concern thinks it could happen over the next three months.
Repost from 11-26-2019
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