9 Mar 2017 – CNBC
Gold may be under pressure in the run-up to the next Federal Reserve rate hike, but prices are expected to rally by around $200 by the end of the year, according to the corporate and investment banking division of Bank of America.
In a research note Thursday, analysts at Bank of America Merrill Lynch highlighted its recent dip but said there were reasons for optimism. “While tighter monetary policy is not bullish, inflation and a range of uncertainties, including European elections and protectionism should support the yellow metal. As such, we see prices at $1,400 (per troy ounce) by year-end”.
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JK Note: Haven’t we seen this before? Gold goes down as the market digests an impending rate hike, only to recover it’s decline and then some in the weeks and months that follow. It would appear that BOA sees the same story playing out yet again. For our clients, this represents a gift of sorts, to acquire insurance at a nice little discount. And given the multitude of uncertainties afflicting the global economy and international politics today – uncertainties that BOA suggests will ‘out-bull’ the interest rate headwinds for the yellow metal – that insurance is as important (and potentially lucrative) as ever.
Also, a quick update on this month’s special offer, featuring the ‘Proof-like’ Schillings pictured above, in addition to beautiful 10 Kroner ‘Mermaids’ and heavily discounted 20 Franc Angels. Our offer is now a bit better than 1/2 sold out in just under 2 days of availability.
Details for the offer can be accessed via the following link: http://www.usagold.com/gold/special/currentsp...cialoffers.html
