Macquarie PRIVATE WEALTH on Gold.....“Macquarie Private Wealth...

Macquarie PRIVATE WEALTH on Gold.....


“Macquarie Private Wealth advises buying the dip for five reasons:
1. Sentiment towards gold has now reached ‘extreme pessimism’ levels.
2. March is seasonally the weakest month for gold.
3. Excess slack in the US economy will prompt the Fed to say on hold until 2014, as indicated, keeping short rates low.
4.The extent of the long-term rate rise is over. The Fed will ease some more.
5. Sovereign risk is not over.
Ultimately, they see it going to $2250/oz.”

(Business Insider, March 25)