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UBS: Give up on stocks this year and buy gold

Gold fashion

2015 was a volatile year for the stock markets and 2016 opened with a near obliteration of Chinese stocks on the first day back.

And 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 and gold mines moving into an eight-year cycle bottom as the basis for the next multi-year bull market.

Initially, we see gold profiting as a safe haven and as of 2017, gold could profit read more >>>

Source : BusinessInsider.Com