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Mix-Ansicht- JP Morgan's widersprüchliche Goldaussage - McSpek, 02.06.2002, 20:17
JP Morgan's widersprüchliche Goldaussage
Aus www.elliottwave.com vom 31.5.02:
A Forecast as Good as Gold?
Maybe it depends on who's doing the math.
I'm talking about U.S. investment bank, J.P. Morgan, which Thursday said it had joined the ranks of gold bulls.
According to a Reuters story, J.P. Morgan is"predicting a higher bullion price this year and next," forecasting that gold would average $305 an ounce in 2002 and $325 an ounce in 2003.
The average price of gold so far this year is $297 an ounce. For gold to average $305 for the year 2002, its average price in the seven months remaining of 2002 would have to be $311 an ounce.
But gold is currently trading at $325 an ounce. When did predicting a $14 decline become a"bullish forecast"?
And their predicted average of $325 an ounce for 2003? At the risk of insulting your intelligence, dear reader, let me reiterate that $325 an ounce is exactly what gold is trading for now.
Where's the bull??
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