Looks like gold is not going above $1000/oz. I just hope the gold ore is sold somewhere in the $900 dollar range. From: Société Générale
"Investment bank Société Générale is calling gold down to below $800 by the end of this year as a stalling in investment is unlikely to be offset by an equivalent recovery in jewellery demand. The fact that prices fell very sharply when investment faltered over the turn of February and March is cited as a potential precursor to more of the same later in the year.
The continued rally on Wall Street hurt demand for gold, a safehaven holding.
Gold for June delivery fell $18.80 to settle at $908.90 an ounce on the New York Mercantile Exchange.
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