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

Gold prices are heading towards $1,000

Posted on 04 June 2013

There are many reasons why the gold bubble is deflating, and why gold prices are likely to move much lower by 2015. The runup in gold prices in recent years – from $800 per ounce in early 2009 to above $1,900 in the autumn of 2011 – had all the features of a bubble. Now, like all asset-price surges that are divorced from the fundamentals of supply and demand, the gold bubble is deflating.
At the peak, gold bugs – a combination of paranoid investors and others with a fear-based political agenda – were happily predicting gold prices going to $2,000, $3,000 and even to $5,000 in a matter of years. But prices have moved mostly downward since then………………………………………..Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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