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Gold the second Anniversary
from ABC Bullion by Jordan Eliseo - Chief Economist
Gold: The Second Anniversary
17 April 2015
by Jordan Eliseo - Chief Economist ABC Bullion
We’ve even seen Bank of America Merrill Lynch come out with a relatively bullish forecast for gold, predicting that the worst was over and that they saw prices hitting $1,500 an ounce by 2017.
That is a near 25% return in 2 and a bit years if it does come off. The rationale behind the more positive gold price outlook was a Fund Manager survey for April 2015 which suggested “Investors see growing overvaluations in both bonds and equities and have signaled concern about a valuation bubble forming.”
Specifically, survey respondents thought
• 25% of respondents said global equities are currently overvalued – up from 23% in March and 8% in February, and the highest proportion since 2000.
• 84% of respondents said bond markets are overvalued, up from 75% in March and the highest proportion in the survey’s history.
read the whole article here:
https://www.abcbullion.com.au/investor-centre/pdf/gold-the-second-anniversary#.VTG9xcscS02
