I wonder if it will go back all the way to $USD1050/ounce which is the level (I think) at which the Indian govt bought a large chunk of gold from the IMF and started the most recent gold rally to $USD1265?
Who knows. I have been reading articles that the next upleg will start in August/September. So perhaps we should expect some pain until then.
loki
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gold in freefall again tonight, page-2
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