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POG: Whither Gold, in the short term? (Slight Decline in 2013, I suppose)
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<p>[QUOTE="Juan Blanco, post: 1668773, member: 41665"]Australia is the world's second largest producer of gold after China - and the most transparent source for information about production. The Ozzie are now saying they expect the avg Au price to decline slightly, a ~ -2%:<a href="http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417" rel="nofollow"></a></p><p><a href="http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417" rel="nofollow">http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417</a></p><p><br /></p><p>3/19/2013:</p><p>"The <b>price of gold is poised to retreat 1.8 percent this year </b>as demand may decline if instability in global financial markets eases and consumption drops, Australia’s Bureau of Resources and Energy Economics said. <b>Prices may average $1,638 an ounce in 2013</b>, down from $1,668 a year earlier, the Canberra-based bureau said in a report Wednesday. <b>That compares with a December forecast of $1,738 for 2013."</b>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1668773, member: 41665"]Australia is the world's second largest producer of gold after China - and the most transparent source for information about production. The Ozzie are now saying they expect the avg Au price to decline slightly, a ~ -2%:[URL="http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417"] http://www.moneynews.com/Markets/Australia-Gold-Prices-Decline/2013/03/19/id/495417[/URL] 3/19/2013: "The [B]price of gold is poised to retreat 1.8 percent this year [/B]as demand may decline if instability in global financial markets eases and consumption drops, Australia’s Bureau of Resources and Energy Economics said. [B]Prices may average $1,638 an ounce in 2013[/B], down from $1,668 a year earlier, the Canberra-based bureau said in a report Wednesday. [B]That compares with a December forecast of $1,738 for 2013."[/B][/QUOTE]
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POG: Whither Gold, in the short term? (Slight Decline in 2013, I suppose)
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