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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 442.03-2.6%4:00 PM EST
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To: elmatador who wrote (92792)7/23/2012 3:38:33 PM
From: Snowshoe1 Recommendation  Read Replies (1) of 220043
 
>>However, Edel Tully, precious metal strategist at UBS, said concerns about potential rising food inflation could be the catalyst to spark gold buying in some emerging market countries.

“Rising food prices are relevant for gold to the extent that it feeds into CPI prints, particularly in countries that have an affiliation with gold,” she said.<<

OTOH, maybe some people will have to sell their gold in order to buy food.
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