Chase Opposes Goldman Sachs’ Opinion on Gold

JP Morgan Company
Written by Mike Hammer

A few days ago, we picked on Goldman a bit, which some of you pointed out might have been a little aggressive — given the very passive nature of the cited report. So today we’ll make some amends by being mostly kind to JP Morgan Chase. Yes indeed, all the big guys are apparently now staking out a claim in the gold opinion world, and JPM’s is much different than GS’s.

As a teaser, GS’s report said basically that, “gold is back”, while today JPM says “maybe not so much.” JPM gives their reasons and the places they are looking to in these times of increased volatility. Well hey, they’re trying to be helpful. What do you think? Is the US Dollar, gold, or somewhere else the place to run to these days? Let’s discuss in the Comments below.

Continue reading at Bloomberg.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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