zerohedge.com / by Tyler Durden / Aug 10, 2017 12:35 PM
It’s been a while, years in fact, but suddenly it’s gold’s time to shine again.
The yellow metal – insurance against systemic collapse, hyperinflation and infinite political stupidity – which in recent years has seen its popularity fade as the younger generation has gravitated toward the far faster moving crypto currencies – is once again back in the spotlight.
As UBS’ strategist Joni Teves, who has been recommending the precious metal for a long time despite the BOJ’s relentless suppression, writes “gold bounces from recent lows in line with other safe havens amid risk-off sentiment across markets following geopolitical headlines over the past 24 hours.” Below are the key considerations from today’s UBS note:
Key technical levels come into focus for gold, triggering some decent market activity in the middle of this typically quieter summer period.
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