Thursday, May 12, 2016

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 & 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 says 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 .. 3 minutes

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