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

$1000 gold price prediction should be ignored

Posted on 06 June 2013

A prediction was made recently by Nouriel Roubini: gold will likely move much lower, towards $1,000 by 2015. There are a number of problems with this argument. First, commercial investors covered their bearish bet in a big way.
Hedge positions from producers are at a record low, at 37,571 contracts. Second, inflation could still become a problem if energy prices rise. Even though inflation was below the Fed target in April 2013, it was helped by low oil prices………………………………………..Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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