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JPMorgan turns bullish on commodities, lukewarm on gold

Posted on 03 July 2013

For the first time in almost two years commodity analysts at JPMorgan have turned bullish on commodities and are now overweight the entire complex. “In a number of commodities, prices have fallen far enough for long enough to force involuntary cuts in production and to spur fresh demand,” the bank said in the report released Sunday. “Risk is now skewed toward demand growth surprise and production disappointment.”
Although the firm’s analysts do admit that downside risks remain high, their recommendation in the report has been very clear……………………………….Full Article: Source


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