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Are Gold Bulls Being Set Up for a Major Letdown?

From cnbc.com

Gold prices have fallen 5 percent in the space of just over two weeks on prospects for weak global growth and inflation, and commodity experts tell CNBC that with no major catalyst to drive prices back up, gold bulls targeting $2000 an ounce by year-end are in for a major let down. After surging to a nine-month high of around $1,795 [XAU= 1715.00 13.07 (+0.77%) ] at the beginning of October, the precious metal has fallen to around $1700 an ounce on Thursday. A few months ago, traders were betting on a move up to $2000 on expectations that massive quantitative easing by major central banks would encourage spending and ... (full story)

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