Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: TheSlowLane who wrote (71871)	10/28/2011 3:02:52 PM
From: bull_dozer	Read Replies (4) of 78408

Gold set to crash to $1000/oz in 3 years on potential surplus NEW YORK (Commodity Online): Gold may be headed downward to $1000 an ounce within three years as a potential surplus in the commodity will see lower prices as investor demand saps off, according to Christoph Eibl, founding partner of Tiberius Asset Management said in an interview to Reuters. COMEX gold is trading around $1750 after prices had peaked to $1920 and subsequently crashed to $1530 in a global sell-off triggered by risk aversion.The investor sentiment has been mixed with some believing that gold will propel to $10,000/oz on the global recession while others maintaining that gold prices are too high. commodityonline.com

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