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Friday, 10/21/2016 12:58:10 PM

Friday, October 21, 2016 12:58:10 PM

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According to Mahendra Sharma, author of 2016 Financial Predictions, gold needs to reach lows of $775 an ounce before it starts its “new era.”

“The positive astro-cycle for gold and silver ended on 21st August 2016,” he said in an email to Kitco News Friday.

Since then, gold prices have declined nearly 6%, with December Comex gold futures last trading at $1265.20 an ounce. Meanwhile, silver prices have fallen nearly 10% with December silver futures last trading at $17.465 an ounce.
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