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APR 05, 2013 - Zero Hedge

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Sprott: Why SocGen Is Wrong About Gold's Imminent 'Demise'

Submitted by David Franklin and David Baker via Sprott Group, A Retort to SocGen’s Latest Gold Report Société Générale (“SocGen”) recently published a special report entitled “The end of the gold era” that garnered far more attention than we think it deserved.  The majority of the report focused on SocGen’s “crash scenario” for gold wherein they suggest that gold could fall well below their 2013 target of US$1,375/oz. It also included a classic criticism that we’ve heard so many times before: that the gold price is in “bubble territory”. We have problems with both suggestions. To begin, ... Read More

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