JPMorgan sees a buying opportunity

Have they turned bullish on gold? And commodities as well? They appear to see a buying opportunity, and I think they are right. But on the other hand, I said that at $1500/oz as well. It is still possible that I am right, I suppose.

Following the drubbing in commodities in Q2 it is was only a matter of time that the pendulum swung the other way. At least that is the view of JPMorgan’s commodities team led by Colin Fenton who says to “go overweight commodity indices now.”…