This is from Forbes, 12/12.
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Some traders said despite gold’s resilience this week in the face of plunging crude oil prices, they don’t see gold holding its gains.
“Gold prices will likely follow crude oil’s collapse. The only things supporting that archaism are typical seasonal demand and some marginal physical demand coming from the sky-is-falling, the-apocalypse-is-coming types. The reality is that the apocalypse has come and gone. The chance for the gold kooks was here and has left, and much like 1980, the door is about to slam shut hard,” said one longtime gold-market observer.
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