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JP Morgan says there’s a case against the gold rally continuing – and it’s wrong

From kitco.com

There’s a reasonable case to be made against gold’s continued appreciation, but that case is still incorrect, according to the senior brain trust at J.P. Morgan. “Gold has had a ferocious rally over the last five years, skyrocketing over 170%, wrote Kriti Gupta, Executive Director of J.P. Morgan Private Bank, and Justin Biemann, Global Investment Strategist. “There’s a laundry list of reasons why, but the biggest driver may be a new era of geopolitical volatility and fragmentation incentivizing investors to buy the precious metal.” “Now add on worries about currency debasement, growth, inflation and irresponsible ... (full story)

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  • Category: Fundamental Analysis