Why Gold $3000 is Next: Bank of America’s Full ‘Must Read’ Client Call Transcript

from Zero Hedge

With gold soaring above $2000 (for the December future) to a new all time high…

[…] … now is an opportune time to revisit a conference call held by Bank of America’s commodities team (which as a reminder is the most bullish on gold, expecting the yellow metal to hit $3,000 in 18 months) in which the bank discussed its outlook for gold and other precious metals in the context of global asset allocation (Michael Hartnett), interest rates (Mark Cabana), and technicals (Paul Ciana).

Key themes:

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