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JPMorgan makes first ‘overweight’ call on commodities since 2010

Posted on 03 July 2013

After the plunge in the gold price and rout in coal, JPMorgan has made a bold choice it has made its first overweight call on commodities since September 2010. “Though we may be a little early, we do not think we are very early. We would rather be premature in our pretend portfolio than you be late in your real portfolio,” the investment bank’s strategist Colin Fenton said.
Commodities have been under increasing pressure as evidence mounts that China’s growth is slowing and the US Federal Reserve may soon taper the $US85 billion of liquidity it is pumping into markets every month……………………………….Full Article: Source


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