Macquarie Upgrade to ‘Outperform’ ..., page-14

My personal take is this. Gold failed to perform as expected over the last several weeks at a time when It should have. Trade wars, EM risk etc.

Now we get a bounce on news that shouldn't be positive for gold. Pause of trade wars etc.
My opinion is that the market has it all backward and I'm keeping powder dry ready to top up.

I'm not convinced that the low is in for gold, I want to give it a bit longer to see.

Company is still great, just dont want to catch a falling knife........ again.