Buy this Dip
Following a strong first eight months of the year, the precious-metals complex may be in the process of offering investors one final chance to enter on attractive terms before lurking systemic risks erupt into breakaway price action. Year-to-date through September 30, 2019, gold prices rose 14.8% but fell 5.2% from peak levels in late August. Standard technical analysis suggests that bullion prices may revisit the 200-day moving average currently at $1,360, which is down 7.6% from the month-end close of $1,472 to shatter investor confidence that was just beginning to find some legs following a six-year nuclear winter of non-performance.