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giovedì 23 luglio 2015

Morgan Stanley: Gold Could Plunge to $800, and It's Not Because of China's Reserves - It's the end of an era




Bloomberg - Morgan Stanley: Gold Could Plunge to $800, and It's Not Because of China's Reserves - It's the end of an era
by Julie Verhage - July 23, 201

On Sunday evening, gold plunged in thin trading to less than $1,100 an ounce and has been hovering near multiyear lows ever since. While plenty of gold bugs were swift to dismiss the China report as misleading, Morgan Stanley is pointing to longer-term trends that are sending the shiny stuff lower.

Analysts led by Tom Price now say the metal could fall as low as $800 an ounce, as reported by Bloomberg News.

They figure that the era of price stability that once ruled precious metals is now coming to an end

The Morgan Stanley chart below shows a rather stable line for gold, silver, palladium, and company, while other commodities, such as iron ore, have seen more volatility. 




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