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Stinky_pinky

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Stinky_pinky

Re: milo3 post# 18900

Monday, 11/12/2012 6:41:24 PM

Monday, November 12, 2012 6:41:24 PM

Post# of 22257
Thanks Milo3, I'll provide a link to Mr. Pento's article for PMIC to read in it's entirety:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/11_Falling_Markets_%26_Why_Gold_Shorts_Are_Getting_Suckered.html

I'll just add, that with the Chinese on track to import 775 tons of gold in 2012, and the decline in south african gold production due to labor issues in 3rd quarter, the laws of supply and demand may drive the value of gold up before Mr. Pento's scenario comes to pass. My educated guess would be that this would happen as the nation approaches the fiscal cliff next year.

S~P

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