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I mentioned earlier why I, despite everything, was expecting an agreement with Greece, which would pull down price of gold. This week it became reality and the gold price fell to $1,130/oz, while the euro dropped to a seven-week low of US$1.08. Several voices are asking: “Now that a Grexit has been avoided, what can still lead to higher gold prices?” But that’s not how the market works! We are nearing a bottom in dollar denominated gold prices. The decline will end.

We Tend to Think in (And Make Up) Triggers

'DEALER INVENTORY' SHRINKS AND THIS WILL LEAD TO AN EQUIVALENT OF BLACK MONDAY (1987) ON THE BOND MARKET

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