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S W
Member since May 2012
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GOLD – WHAT CORRECTION?

- Egon von Greyerz - Matterhorn AM

Regardless of central banks,investors, speculators and "manipulators" I would suggest that that even though the current paper cost on an ounce of gold is about $600 USD away from a possible $1000, I think it far more likely that Gold will be $10,000 before it gets to $1000.

That said it is just my opinion, about which I am totally flexible, because I think it complete folly to make predictions if you are trading anything...after all anything is possible.

Commented 4362 days ago

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Beginning of the headline : The precious metals markets have now been going sideways for around 7 months.No investors like corrections but in all bull markets there will always be periods when the price corrects.Some of these moves are bigger like in 2008 when gold in dollar terms corrected by 34% from $1,032 to $681... Read More

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