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

Gold Headed to $1,375 in 2013: Pro

Posted on 03 April 2013

The price of gold has reached bubble territory and stands to fall 15 percent by year’s end, Societe Generale Head of Commodities Research Michael Haigh said Tuesday on CNBC.
“We’ve been bearish gold for a couple of months now,” he added. “Coincidentally, we put out our longer report today looking at the end of the gold era right before we saw a 1.5 percent selloff.” On “Fast Money,” Haigh expanded on his SocGen note, titled, “The End of the Gold Era,” and making the case that a perfect storm is brewing for gold………………………………………..Full Article: Source


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