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Counting on the Fed's dovish bias to win out, UBS goes against the grain by predicting a "major...

Counting on the Fed's dovish bias to win out, UBS goes against the grain by predicting a "major gold rally" this year, expecting the Fed to continue printing into Q3 when UBS' commodity strategists - in contrast to its economists - expect global growth to lose momentum. But investors have been dumping their gold ETF holdings in favor of industrial metals; last week, physical palladium ETFs saw their largest inflows ever.
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Comments (3)
  • Heinz Doofenshmirtz
    , contributor
    Comments (273) | Send Message
     
    I just have IAU as a small position dollar hedge, but it seems odd that gold is going in the tank in the midst of a currency war.
    25 Feb 2013, 11:23 AM Reply Like
  • johnbee
    , contributor
    Comments (533) | Send Message
     
    Guggenheim are seeing gold at $10,000 this year as the US Teasury will be obliged to enforce to underwrite increasing US debts.
    Never has gold seen a better time to invest. This latest equity rally is based on hot air. There is no growth in the US or Europe.
    25 Feb 2013, 12:07 PM Reply Like
  • walster
    , contributor
    Comment (1) | Send Message
     
    Google "Guggenheim gold 10000"
    25 Feb 2013, 03:43 PM Reply Like
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