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Odds favour sharp gold price recovery ahead – but when?

Posted on 18 July 2013

In his most recent analysis of what has been happening in the gold market, New York based long term precious metals analyst, Jeff Nichols, sees the end nigh for institutional selling which he feels has been one of the key contributing factors to the slump in the gold price over the past few months.
While definitely in the pro-gold camp, Nichols has always warned that the bull market in gold, which he feels is still basically intact and has many years yet to run, was always likely to see major corrections. However, the depth of the recent one may have taken him by surprise. Indeed he calls the fall since gold peaked in September 2011 of over 35% as astonishing’………………………………………..Full Article: Source


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VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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