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cbwang888 (25.49)

May 2013



Gold can still go above $2000/oz in 2~3 years.

May 16, 2013 – Comments (3) | RELATED TICKERS: GLD

 All the long term bullish fundamentals of gold didn't change at all but only get better. People are chasing yields in equity now but paying an expensive premiums. Gold is also seasonally cyclical on physical demands from India and China. Second half of the year is usually much stronger than the first one. Liquidation of paper gold (GLD) likes is good for gold in the long run. GLD is for speculators and traders, not savers.        [more]

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