Don’t Be Fooled by the Dip – Gold Is Still Gunning for $4,200 (or More), Says UBS

Let me tell you something my old man used to say when I panicked over little things as a kid: “The train’s still headed north, son. Just slowed down to pick up more passengers.” That’s exactly what we’re seeing in the gold market right now. You might be looking at this recent dip and wondering if the ride’s over. It’s not. According to UBS—yes, that UBS, one of the most powerful financial institutions in the world—this correction is purely technical, and the long-term fundamentals still scream “BUY.” In fact, they’re calling for $4,200 gold, with an upside scenario that could take us all the way to $4,700 per ounce. You read that right. The Sell-Off? Just a Breather. UBS laid…