J.P. Morgan cuts 2014 gold forecast by 10%
Analysts at J.P Morgan Cazenove lowered their forecasts on gold prices -
by 10% to $1,263 an ounce for 2014 and by 12% to $1,275 for 2015,
according to a research note dated Thursday. Next year will be
characterized by tapering and low U.S. inflation, with the downside
exacerbated by the re-emergence of producer-price hedging, the analysts
said. They left their 2014 and 2015 forecast for silver unchanged at
$21.38 and $22 an ounce, respectively.
I guess that would be a " Buy " signal
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