Sunday 24, February 2013 by Gerhard Schubert

Precious Metals Report: A buying opportunity in gold?

There have been some well-publicised exits from prominent hedge fund participants, and there are suddenly a lot more voices advocating a gold price slump towards $1350. We do not share this view; in contrast, we do think that these current prices constitute a buying opportunity, as the key drivers and issues are far from being resolved. We are still expecting significantly higher prices during the year, without even contemplating potential geo-political issues to rise to the forefront.

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