Commerzbank sees major rally in gold, $1500 in 2019

Scrap Register

“‘In our view, gold has fallen too far,’ Commerzbank said. ‘The current price hardly reflects the numerous political and economic uncertainties prevailing. The record level of speculative net short positions suggests a substantial price rally before the end of the year. Given the lower starting point, we are lowering our forecast for year-end to $1,300 per troy ounce. We still expect the price to rise in 2019 to $1,500.’”

Repost 8-29-2018

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