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"The World Is Walking From Crisis To Crisis" - Why BofA Sees $1,500 Gold And $30 Silver 

By: micro1 in POPE IV | Recommend this post (2)
Mon, 11 Jul 16 12:57 PM | 34 view(s)
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The world has been walking from crisis to crisis and we see risks that this may not change. The importance of that dynamic for the precious metals is mirrored by the high correlation between potential US GDP growth and gold quotations. Interest rates globally are set to remain low, which in turn reduces the opportunity costs of holding a non-yielding asset like gold. We believe gold prices could rise to $1,500/oz near-term. We called a bottom in silver in April on supply and demand dynamics; an overshoot of prices to $30/oz is possible.

http://www.zerohedge.com/news/2016-07-10/world-walking-crisis-crisis-why-bofa-sees-1500-gold-and-30-silver




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