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Flight To Dollar Is An Ominous Sign That Could Be Very Bullish For Gold

From seekingalpha.com

While eurozone problems weigh heavily on gold prices now, a larger financial storm is brewing that would return the yellow metal’s safe-haven status. Gold began 2012 on a very positive note, reaching the $1800/oz. range during several key trading sessions in the first quarter of the year. As we entered the month of May, gold has given up all of its returns, currently trading at $1560/ounce as of May 15. Many investors are perplexed by gold’s recent decline and what we can expect for the remainder of 2012. Troubles in the Eurozone The biggest elephant in the global capital markets remains the European sovereign debt ... (full story)

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