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ROBERTLYN-SCHULTZ

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Member Since: 7/2008Last Seen: 11/28/2009

The Associated Press: Gold prices surge after AIG bailout, dollar drop

Read ArticleArticle Source: Associated Press - Google
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"The same market participants who got out of gold are coming back in now. This is the start of an upward move," said Carlos Sanchez, analyst with CPM Group in New York, who predicted prices could climb back to $1,000 by year's end.
Silver prices also jumped. The December contract soared $1.158 to settle at $11.675 an ounce

Well it looks like finance investors are heading for commodities, and that is nothing but good news for the small inependent miner/prospector

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{"commentId":2982816,"authorDomain":"robertlyn-schultz"}

I think that the prediction is rather conservative, 1500.00/troy oz. by May 2009 is my guess.

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  • 2 votes
Reply#1 - Thu Sep 18, 2008 3:14 AM EDT
{"commentId":3000826,"authorDomain":"PamelaDrew"}

The thought of small prospectors never crossed my mind but it is nice to know some little guys will have some upside in all of this.

{"commentId":3000826,"threadId":"361130","contentId":"1880373","authorDomain":"PamelaDrew"}
  • 2 votes
#1.1 - Fri Sep 19, 2008 10:12 AM EDT
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