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Thursday, 10/06/2022 3:43:46 AM

Thursday, October 06, 2022 3:43:46 AM

Post# of 19383
Article from Kitco comparing the dollar gold price base we're seeing now to the very strong base we had in 1999. Of course, that was right before the gold price went from $250 per oz. to an all time high of $1900 in 2011.

So, it appears the author is calling a rock-solid bottom here in the gold price and much higher prices coming when the Fed has to reverse course. I thought his comparisons to then and now were interesting.

https://www.kitco.com/news/2022-10-05/Gold-price-rally-to-resume-after-foundation-akin-to-1999-is-built-watch-USD-vs-EUR-disparity-says-Bloomberg-Intelligence.html
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