"BUY THE DIP.
That's the advice of Macquarie Private Wealth in respect to gold.
Gold has certainly come off quite a bit, form a high of around $1900/oz. late last summer, to around $1650/oz. now. And the improving economy and the rise in real interest rates has made a lot of people turn negative on the metal.
Macquarie advises getting in now for 5 reasons:
These two charts underpin their argument."
at http://www.businessinsider.com/macquarie-this-is-a-good-opportunity-to-buy-gold-2012-3#ixzz1qDD0pf3U
That's the advice of Macquarie Private Wealth in respect to gold.
Gold has certainly come off quite a bit, form a high of around $1900/oz. late last summer, to around $1650/oz. now. And the improving economy and the rise in real interest rates has made a lot of people turn negative on the metal.
Macquarie advises getting in now for 5 reasons:
- Sentiment towards gold has no reached "extreme pessimism" levels.
- March is seasonally the weakest month for gold.
- Excess slack in the US economy will prompt the Fed to say on hold until 2014, as indicated, keeping short rates low.
- The extent of the long-term rate rise is over. The Fed will ease some more.
- Sovereign risk is not over.
These two charts underpin their argument."
Macquarie
Macquarie
at http://www.businessinsider.com/macquarie-this-is-a-good-opportunity-to-buy-gold-2012-3#ixzz1qDD0pf3U
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