UBS: Give Up on Stocks and Buy Gold This Year
2015 was a volatile year for the stock markets, and 2016 opened with a near obliteration of Chinese stocks on the first day back. For this reason, technical analysts Michael Riesner and Marc Müller at UBS told clients in a research note on Wednesday morning that they should plough into gold (emphasis ours): Gold has been trading in a cyclical bear market since 2011. In 2016, we expect gold an…Read More
