Gold: Buy the dips amid lingering macro uncertainty – UBS

FXStreet/Dhwani Mehta

graphic image of gold chess pieces, knight and pawn“No rush to build substantial positions, many are looking to opportunistically add to positions. Helping to keep dips shallow and the market well supported. . . [G]iven lingering macro uncertainty, gold’s appeal as a hedge and diversifier is also in focus, allowing prices to stay resilient despite a strong dollar and equities hovering at all-time highs.”

USAGOLD note:  A buy the dip mentality among professional money managers is something buyers of physical coins and bullion should keep in mind. It argues against waiting for a major correction to buy – particularly if you are unhedged. Too, the opportunistic adding to positions could become much more aggressive in the event of a stock market correction. Large pools of capital could suddenly be deployed in the gold market.

Repost from 2-19-2020

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