Today, July 6th at 8:47 AM, I tweeted that If you don't own Gold its too late. Six hours later, Yahoo Finance tweeted that UBS Analyst are saying "Gold has never been more compelling". Now I do agree but not at these prices. But the retail customers of UBS will read this analyst report as a BUY Gold now. This technique is a way for the bank to create liquidity for their buy side institutional clients to start unloading their Gold positions. UBS has an amazing distribution system (retail customers, also see "bag holders") which is the main pitch when they are looking to acquire new large hedge fund relationships. Now you may be asking, how do I know this.... Well this is the exact pitch I would give potential clients back in my day at UBS. I was also forced to resign after I stopped selling that same BullShit and started telling the truth. FYI- I told my students and traders I was buying Gold back in Dec '15 at $1,080 (see earlier tweets).
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