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<p>[QUOTE=&quot;desertgem, post: 2253305, member: 15199&quot;]Here is a more straight forward and non-bullion seller&#039;s viewpoint on gold. Stacker&#039;s probably wouldn&#039;t be interested.</p><p><a href="http://finance.yahoo.com/news/gold-silver-set-more-pain-145046833.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://finance.yahoo.com/news/gold-silver-set-more-pain-145046833.html" rel="nofollow">http://finance.yahoo.com/news/gold-silver-set-more-pain-145046833.html</a></p><p>( a snip)</p><p>&quot;</p><p>LONDON (Reuters) - Gold prices are expected to post another year of losses in 2016, with more pain still in store for the precious metal this year after a weak third quarter, a Reuters poll showed on Thursday.</p><p><br /></p><p>The survey of 38 analysts and traders conducted over the last two weeks returned an average gold price (XAG=) forecast for next year of $1,153 an ounce, 8 percent below the forecast returned by a similar poll in July.</p><p><br /></p><p>This year gold is expected to average $1,165.50 an ounce, down from a forecast last quarter of $1,193 an ounce. In the year to date gold has averaged $1,177 an ounce, <span style="color: #ff4d4d">but it is expected to slip to $1,125 an ounce in the last quarter.</span></p><p><br /></p><p>&quot;The chief drivers for a continued abysmal performance in the gold price are mainly twofold - Fed rate hike expectations and disappointing global physical as well as investment demand,&quot; GFMS analyst Johann Wiebe said. &quot;<span style="color: #ff0000">We expect the gold price to remain under pressure and record a new low before year-end</span>.&quot;</p><p>( snip) more in article.</p><p><br /></p><p>Sure, black swans can happen, but some puts on gold might really pay off by Christmas time. I wouldn&#039;t buy more physical myself, but then I don&#039;t need &quot;strong hands&quot; philosophy. Sell High! Buy Low![/QUOTE]</p><p><br /></p>

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