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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Trends more

Current scenario suggesting much higher gold prices in the next 12 months - Embry

Posted on 28 October 2010

From Mineweb.co.za: The world remains in a financial bind, the likes of which it has probably never seen and those people calling for corrections or bubbles in the gold market are flat out wrong. After a short pull back, gold could see a sharp move higher in November if recent history is any guide.
Speaking on Mineweb.com’s Gold Weekly podcast, Sprott Asset Management’s chief investment strategist, John Embry said the recent pullback is probably healthy for the market as many participants are focused on not only the up-coming US elections but also the potential for a further bout of quantitative easing to be announced when the FOMC meets next week,………………………………………Full Article: Source

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