Wall St. Banks Bullish On Gold; Should Investors Worry?
Gold prices are surging this year, and that has one of Wall Street's largest banks flocking to the yellow metal. JP Morgan recommended that its clients position for a new and very long bull market for gold. So when the banks start getting positive, should investors worry? According to Frank Holmes of U.S. Global Investors, not really. On Wednesday, JP Morgan’s Solita Marcelli said that $1,400 is very well in the cards for gold this year. Meanwhile, longtime bear Goldman Sachs upped its 2016 gold forecast by 10% to $1,202 an ounce. June Comex gold futures were up Wednesday after two successive losses, settling the day 1% higher at $1,275.50 an ounce. (show less)
Gold prices are surging this year, and that has one of Wall Street's largest banks flocking to the yellow metal. JP Morgan recommended that its clients position for a new and very long bull market for gold. So when the banks start getting positive, should investors worry? According to Frank Holmes of U.S. Global Investors, not really. On Wednesday, JP Morgan’s Solita Marcelli said that $1,400 is very well in the cards for gold this year. Meanwhile, longtime bear ... (read more)
Gold Game Film
Gold Game Film features the founder of US Global Investors, Frank Holmes as he highlights play-by-play action in the gold market. Melding sports and precious metals, Holmes comments on gold’s touchdown pass of the week. Holmes also reflects on the opportunities and threats he sees for the gold market. Tune in every week to hear from our Monday Morning Quarterback, Frank Holmes.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
