Sell gold target 1565.00
How’s that plan workin’ for ya?
Here’s today’s all-time-high gold price, and J P Morgan’s prediction for the next 4 months —
Gold, a traditional refuge from financial storms, hit a record above $1,753 an ounce.
JP Morgan (JPM.N) said on Monday it expected spot gold to climb to $2,500 an ounce or higher by year-end, following the downgrade of U.S. debt. The U.S. bank said its previous estimate of $1,800 was “too conservative”.
That’s from a Reuters article, dateline Singapore, Tuesday August 9, 1:43am EDT. Here’s the article —