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Gold: what happened to the security bid?
by David Campbell on Oct 10, 2013 at 14:47
One compelling argument made by several gold watchers is that regardless of the immediate pause in equity, over the medium term most investors remain fairly sanguine about economic growth.
‘Gold prices should continue their volatile slide down the slippery slope of hope,’ suggested the Macro Research Board in early September.
Whether that view can survive any lurch closer to an outright technical default remains to be seen. But it does suggest that absent a Treasury market meltdown with far more wide reaching implications, any upside in gold will be capped and temporary.
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