JPMs Crack analyst team continues to encourage investors to have some precious metals (or equities) in their portfolios as a real hedge that is less likely to draw the negative attention that short positions did in late 2008. And shouldn’t require government backing if the writer of the hedge instrument can’t perform. They continue to be Overweight gold and silver equities. Newmont (NEM), Goldcorp (GG), Kinross (KGC), Barrick (ABX) and our silver pick Silver Wheaton (SLW).
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