JP Morgan – Gold set to shine in 2019

J.P. Morgan Chase/11-5-2018

“We still keep a bullish bias in place for the second half of 2019, as we believe the development of an inverted yield curve in the U.S. will likely attract increased interest in gold among investors,” [J.P. Morgan’s Natasha] Kaneva said.”

USAGOLD note:  J.P. Morgan’s rationale leads it to a $1294 average for 2018. . . .UP, but not up, up and away. . . . .Overall we would characterize the Wall Street bank’s forecast as mildly bullish.

 

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