"As gold pulls back under $1700, back to 6 week lows (and Silver collapses in
its high beta way, reverting back in line with Gold), Morgan Stanley says
'Stay Long Gold'. The recent sell-off notwithstanding, they
remain bullish through 2012 and while the current USD strength is a headwind,
they expect aggressive Fed action (and other global central banks), including
the likely adoption of QE3 in 1H12, to be gold positive. Deciphering the
demand and supply dynamics, they forecast prices to rise on a quarterly average
basis through 4Q13 as the four pillars of their bull market thesis
persist..."
at http://www.zerohedge.com/news/stay-long-gold
at http://www.zerohedge.com/news/stay-long-gold
