Bloomberg/Elena Mazneva/4-21-2020
“Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce — more than 50% above the existing price record — in a report titled “The Fed can’t print gold.” The bank increased its target from $2,000 previously ……”
USAGOLD note: A very bullish forecast from Bank of America – one of the most bullish we have seen from a mainstream financial firm ……
Yahoo/Mary Ann and Pamela Aden/4-20-2020
“This in itself is going to create a buffer that will keep things from getting as bad as they might, at least initially. If so, it’ll end up fueling a big inflation down the road, but it seems that all agree we’ll cross that bridge when we come to it. The bottom line, this is a major event that’s going to change many things. So keep your gold and be prepared for whatever comes our way.”
USAGOLD note: Always interested to know what the famed Aden sisters have to say about gold …… They end with a forecast of gold exceeding all-time highs and “it could come sooner than we think.”
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Gallup/Jeffrey M. Jones
“Americans’ evaluations of the economy have abruptly turned negative amid the coronavirus pandemic. Gallup’s Economic Confidence Index is now -32, down from +22 in March. The 54-point drop is the largest one-month change in Gallup’s trend dating back to 1992 …”
USAGOLD note: The fact that Americans are suddenly discouraged about the economy isn’t particularly newsworthy under current circumstances, but the size of the drop over the course of a single month is worth noting. If you think the situation ominous apparently you are not alone.
Repost from 4-19-2020
