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

Linn Group sees gold hitting $1,800/oz In 2013

Posted on 11 January 2013

Gold prices could fall back to the 2012 lows of around the mid$1,500s an ounce, basis the February Comex gold contract, but then rebound to test the fourth quarter highs and then $1,800 in 2013, says Ira Epstein of the Ira Epstein division of the Linn Group.
The question is whether or not gold can take out the monthly highs in 2013, he says. “Ultimately, we think that $1,800 comes out, propelling this market into the $2,300-2,500 area, but it may take until next year to get the markets going to that degree. In any event, accumulating on weakness still appears to be a solid long term technical approach,” he says………………………………………..Full Article: Source

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