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Eldorado Gold Corp. Message Board

  • trader202122 trader202122 Mar 24, 2013 3:36 PM Flag

    Gold price to weaken to $US1530 an ounce in 2013, followed by a further fall in 2014-15

    Tell me why they are wrong?
    Macquarie: “We see the potential for the gold price to weaken to $US1530 an ounce in 2013, followed by a further fall in 2014-15 before strong jewellery demand and continued central bank flows start to deliver a brighter outlook,"
    Soros :”the end the 12-year run in gold prices”.

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    • Basically because nothing's changed economically and the debasement of currencies will continue until collapse. Tell me how the trend will be reversed?

      In the U.S. the media will continue to message that things are improving, but for most people they are not. The fed cannot let interest rates rise as it would be impossible to pay back the ballooning debt. So, QE will continue until inflation explodes and the collapse begins. Furthermore, central banks will continue to purchase more and more gold in greater quantities as they understand the need to hedge their own activities (money printing).

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