With the steady drizzle on gold’s parade, it’s nice to see something positive come out of one of the big international banks. Credit Suisse is calling for gold to hit $1400 an ounce by the end of the year citing ––
a) “surprise” low real rates of return (something we’ve emphasized in past posts + articles),
b) “waning strength in the U.S. dollar” (which we have yet to see),
c) dovish monetary policy (which is commonly misinterpreted as hawkish) and
d) the “probability of a disruptive geopolitical event”
