Morgan Stanley, which for a while has touted gold as its No. 1 investment idea in the commodity space, isn't ready to throw in the towel just yet.
In fact, according to the bank's chief metals economist, Peter Richardson, "The reasons for owning gold may be evolving." ...
To sum it all up, Richardson concludes, "In these circumstances, we believe that gold has demonstrated considerable technical strength, offers good value at current prices both as an entry level to the trading range between US$1,540/oz and US$1,800/oz and as an option on any remaining upside surprise above this range that might result from the third part of the Great Monetary Easing."
In fact, according to the bank's chief metals economist, Peter Richardson, "The reasons for owning gold may be evolving." ...
To sum it all up, Richardson concludes, "In these circumstances, we believe that gold has demonstrated considerable technical strength, offers good value at current prices both as an entry level to the trading range between US$1,540/oz and US$1,800/oz and as an option on any remaining upside surprise above this range that might result from the third part of the Great Monetary Easing."
More information can be found online at http://www.goldbullionadvisors.com
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