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Gold to Hit $1650 by Late 2010, Early 2011

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STILL PITY THE BULLION NOW?
"According to Jim Sinclair, chairman at Tanzanian Royalty Exploration, the price of the yellow metal could reach as high as $1650 by the end of 2010 and moving into the beginning of 2011. But, the man admits that, given recent happenings, this could be a bit of a low estimate," writes Geoff Candy on the site Mineweb. "My thesis is that gold is a contra to the US dollar and recent statements out of the Federal Reserve that interest rates will remain extremely low until 2012 is really a go ahead single for gold to continue to perform as it has until at least 2012."
SOURCE:   Mineweb

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