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

Gold expected to continue to advance this year and next - but beware H2 2013

Posted on 31 October 2011

Gold prices have had a spectacular run up from their historic lows in the early years of the last decade. In April 2001 gold prices were hovering around 220 - 250 USD/ounce. With the slowing of central bank selling of their gold reserves and the forward delivery costs of gold changing dramatically, the pressures that had been weighing on gold for almost 10 years were lifted and a 10 year run up in prices started.
Some gold analysts are now claiming that the long secular bear market has ended and a bull market has returned. Others are wondering if gold prices have the wherewithal to rise further and if not, is the current stage of gold prices signaling a bubble?……………………………………….Full Article: Source


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VRS - who has written 36199 posts on Opalesque Commodities Briefing.


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