JPM Lowers Yearend Gold $2,500 Call to $2,200

JP Morgan’s Colin Fenton – Lowers Yearend Gold $2,500 Call to $2,200 - Got Gold Report

JP Morgan’s Colin Fenton – Lowers Yearend Gold $2,500 Call to $2,200 JP Morgan Chief Commodity Strategist Colin Fenton appeared on CNBC’s Squawk Box Wednesday and essentially craw fished a little on his previous call for gold to test $2,500 by year-end, but in the process introduced a new metric of correlation for the gold price – gold tracks very closely with U.S. entitlement spending, Fenton said.  See that and a lot more for yourself at the CNBC video link just below.  Source:  CNBC Video