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Saxo’s outrageous predictions for 2013: Gold will fall

Posted on 20 December 2012

Saxo Bank, the online multi-asset trading and investment specialist, on Tuesday released its annual batch of ten Outrageous Predictions for 2013. This is Saxo Bank’s annual exercise in rooting out relatively extreme market and political events for which the probability is perhaps low, if still vastly under-appreciated.
Among these predictions is that Germany will move toward accepting the mutualisation of Euro debt, which combined with other strains could cause the DAX to plunge by about a third from near multi-year highs to 5,000. Another is that gold will fall by around $500 to $1,200 per ounce on faster US growth and a stronger US dollar and despite the overhang of Fed’s easy monetary policy………………………………………..Full Article: Source


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