Gold Bubble – about to Burst ?

I have been saying Gold has been in a bubble for around 2 years . Gold increased in value on the basis of uncertainity in the market , but with s a stronger U.S. economy helps increase interest rates and cut Gold demand .

Why would you invest ?

My personal opinion I haven’t seen clients raising their holdings because inflation has remained low, the USA economy is improving and may spur the Federal
Reserve
to holt stimulus and the dollar has strengthened, the bank said
today in a report. Bullion is down nearly 5% this year .I can see gold going towards $1300 in the near term and looking at $1200 by year end

Billionaire investor George Soros, who called gold the “ultimate asset bubble” in 2010, cut his stake in the biggest gold exchange-traded product by 55%.

When you have people like Soros selling you know its a good sign , time to take profits and invest in the market .

http://www.bloomberg.com/news/2013-04-02/gold-bubble-seen-turning-to-bear-market-by-socgen-on-recovery.html

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  1. April 16th, 2013
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