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

Declining gold price ‘will cleanse the industry’

Posted on 09 July 2013

Gold’s steepest quarterly drop in at least 90 years will create stronger producers that shun expensive new mines and return more to their shareholders, fund manager Craton Capital said.
“It’s a very healthy cleansing exercise and the result will be a much better industry,” said Markus Bachmann, manager of the Craton Capital Precious Metal Fund………………………………………..Full Article: Source


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