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gold will only go up over time it will never really pull back enough to go down below 1,000 its just to good to refuse for most people
They ought to have everything right going for it, including recently announced high-grade finds at Cerro Moro. But we're dealing with Argentina here, and President Kirchner has embarked on a path of stealing the assets of foreign companies to shore up the economy her and her husband wrecked with out of control spending. As we saw in Venezuela where strongman Hugo Chavez stolen the property of foreign nationals across a myriad of industries it's going to happen in Argentina soon too. Already she's given warnings to Barrick and Vale to figure out ways to stop importing goods and starting using local supplies. That was the pretext she used in the robbery of YPF. Look for the gold industry to feel the brunt of her rapacious policies soon.
Early bet for a potential big payoff by 2014.Based on the presentation from the Silver Seek 2012 conference.
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