JPMorgan advises shorting gold

Section:

JPMorgan Top 2020 Trades Say Short Gold, Buy Raft of Stocks

By Joanna Ossinger
Bloomberg News
Thursday, December 12, 2019

JPMorgan Chase & Co. is recommending a risk-on investment allocation for 2020 as the global economy gathers momentum in the wake of the slowdown of recent months.

Stocks are a common theme across the Wall Street giant's top trades, including bets on Japanese banks, German equities, and emerging markets, a note by strategists including Nikolaos Panigirtzoglou, Marko Kolanovic and John Normand showed Wednesday. The firm maintains an underweight position in bonds, particularly in high-grade corporate credit, and advised betting on gold to slide. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-12-12/jpmorgan-s-top-2020-t...


ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16