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Market Alert
June 4, 2013, 8:36 AMIn his recent comments, Nouriel Roubini said that gold is a "barbarous relic", with no intrinsic value, used as a hedge against "irrational fear and panic." He also made 6 points while justifying his $1000 price target for gold in 2015. In today's Market Alert we comment on and discuss the points that Mr. Roubini made with emphasis on implications on gold price in the medium- and long term.
As far as short-term is concerned, gold, silver and mining stocks rallied once again on Monday, but gold and silver didn't move to new highs even though the USD Index moved to new lows. Can you trust a rally on low volume?
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