JP MORGAN ENDED: High Gold Forecast for $6,300 – The Strong Hand Confirms Supercycle

Igor Pereira · February 2

Traders, when the largest bank in the American financial system — the same one that holds the world’s largest portfolio of metal derivatives — publicly sets your target upwards, you don’t argue. You study and position yourself.

By Igor Pereira Financial Market Analyst

O JP Morgan has just issued an official note projecting the Gold to $6,300 per ounce By the end of this year.

This is not just a "price update"; it is an institutional admission that the capital rotation of the Paper to the Real is inevitable and structural. Below, the analysis of why JP Morgan turned his hand so aggressively.

Considering the current price in the range of $5,100, the projection of the bank implies a valuation of more than $1,200/oz** in less than 10 months.

The Key Phrase: The bank declares to be "firmly convinced in the gold high (bullishly convinced) in the medium term" .
Reading: Commercial banks are usually conservative. For JPM to speak of $6,300, their internal cash flow and monetary inflation models must be pointing to much more explosive scenarios behind the scenes.

The most revealing passage of JP Morgan's note is the fundamental justification:

The Text: They quote one "Still well entrenched regime of real assets superperformance vs paper assets".
The ExpertFX Translation: JP Morgan is saying, in "bankerês", that the Dollar and Treasury Securities (paper) are losing the war against Gold and Commodities (real). They recognize that trust in fiduciary debt is corroded and that smart money is fleeing to tangible assets.

The bank points to a "Clean, structural and continuous diversification trend".

The Meaning: This refers to the massive purchase of gold by Central Banks (China, Russia, India, Poland).
Connection: Remember the COMEX delivery data we analyzed on Friday (2 million ounces). JP Morgan See That flow because they were in the middle of it. They know that Central Banks will not stop buying, which creates an ever higher priced floor.

The whale just told us where the tide is going.

My Vision: If JP Morgan points $6,300, it's because they're already positioned to profit from it.

Validation: This validates our thesis Premium that the fall to $4,594-4602 on Friday was a trap to clear the weak before the race for $6,000.
Trade: Don't try to guess the top. In a "real asset regime", Gold is the coin, and Dollar is the hot potato.

Premium access: J.P. Morgan's "Hanging"

If the Gold goes to $6,300, there's a select group of Senior Mining that JP Morgan is quietly buying for his own wallet. Our algorithms traced these flows.

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