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MAR 02, 2013 - Zero Hedge

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Why Gold Has Further To Fall

Though a gold bull, I called for a correction late last year and believe more downside is likely from here. There are three reasons to be cautious on the near-term outlook: 1) gold has historically performed weakest during the March-July months 2) sentiment towards gold has turned somewhat, yet there's been little capitulation, particularly from the world's central banks 3) the current correction has been relatively mild - remember that gold slid 47% during its 1970s bull market before peaking in 1980. It makes for reasonable odds that gold will dip below US$1500/oz in the first half of this ... Read More

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