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Morgan Stanley still bullish on gold in long term

Posted on 06 November 2012

Morgan Stanley remains upbeat on gold longer term, suggesting more longs could exit in the near term but also saying this may prove to be a buying opportunity.
In a monthly commodities report, the firm describes itself as “still bullish ags and gold, though the former seems to lack any near-term catalysts. We see gold continuing to perform in 4Q12 with no near-term end in sight to the easing cycle, especially given the continuation in central-bank gold buying. We remain bullish ags but do not believe that there will be catalysts in the coming month as the U.S. harvest winds down and South American planting is ongoing.”……………………………………….Full Article: Source


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