Bank Of America Turns Bullish On Gold

San Francisco (Oct 24)  Bank of America Merrill  Lynch's MacNeil Curry is changing his view on gold from bearish to bullish. The impulsive gains from the 1251 low of October-15 and break of the two-month downtrend (confirmed on the break of 1330) tells him that a medium-term base and bullish turn is unfolding. BoFAML looks for an ultimate break of the 1433 highs of August-28, with potential for a push to 1500/1533 long term resistance.