Gold: Buy the dips amid lingering macro uncertainty – UBS
“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