JPMorgan Chase sees an opportunity in gold ahead of a likely U.S. recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.
Some of the forecasters who were first out of the box to predict a U.S. recession are starting to hedge their bets as inflation ebbs and the economy remains resilient.
The new Net Stable Funding Requirement (NSFR) rules under Basel III for gold come into force at the end of this month.
An epic gold bull market is on the menu for 2019. I’m not talking about a garden-variety cyclical gold bull market, but rather one of the biggest gold manias in history. This gold mania will be riding the wave of an incredibly powerful trend… the re-monetization of gold.