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JPM Increases Gold Price Target, Upgrades Precious Metal Miners, See 25% Probability Of $1,500 Gold

 

Source: zero hedge

What’s wrong with this picture? The bank that is widely seen as the biggest manipulator of commodity prices and allegedly has the single biggest precious metal short exposure on the futures market, is out with a note today that recommend the following to its clients:”It’s difficult to buy gold after its strength and [...]

JPM Increases Gold Price Target, Upgrades Precious Metal Miners, See 25% Probability Of $1,500 Gold

 

Source: zero hedge

What’s wrong with this picture? The bank that is widely seen as the biggest manipulator of commodity prices and allegedly has the single biggest precious metal short exposure on the futures market, is out with a note today that recommend the following to its clients:”It’s difficult to buy gold after its strength and [...]

Gold ends at record $1,245.60 an ounce

Source: MarketWatch

Gold settled at a record Tuesday, aided by lingering fears of a slide into a recession and as investors looked for an alternative to currencies. Gold for August delivery, the most active contract, advanced $4.80, or 0.4%, to finish at $1,245.60 an ounce, the highest price since gold futures started trading in [...]

BMO Has A Simple Message To Its Clients: Go To Cash Now

Source:  Zero Hedge

“We advocate switching out of equity positions and going to cash. The European sovereign debt crisis appears to be nowhere near over. The global credit environment is worsening. Cost of capital is going up and availability is going down. There are large gaps between where the credit market prices risk and where the [...]

EIA: Hard Core Peak Oil Forecast

Source: Econbrowser

The EIA, the statistics arm of the US Department of Energy, recently released its International Energy Outlook (IEO) for 2010. This is an important document for forecasters, as it represents the EIA’s integrated view of the global energy markets in the years to come and contains a long term forecast on the range of energy [...]