Blankfein called it and now the whole world is watching commodities

Bloomberg/Isis Almeida, Michael Tobin, Andres  Guerra Luz and Michael Moschnotti

graphic image of gold and silver complementary crowns“Fast forward four months and commodities are surging. Goldman Sachs, Bank of America Corp. and Ospraie Management LLC have all called for a bull market as stimulus kicks in and vaccines help the world emerge from the coronavirus crisis. JPMorgan Chase & Co. has also joined the chorus, advising clients to boost their exposure to materials while reducing investments in bonds.””

USAGOLD note:  As we have mentioned previously, silver, which lays claim to seats at both the commodity and monetary metals’ tables in the investment realm, will be a likely beneficiary if the rally continues. Gold will not be far behind.  What is worth noting is the spreading mantra among mainstream analysts to sell bonds and buy commodities……

Repost from 1-17-2021

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