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Gold will fall below $1,000/oz
19 december 2016

The good news is that the drop in gold prices is slowing. The bad news is that the US dollar strength may push the metal's price below $1,000.

The argument against this forecast is the strong buying picks up when gold is $1,050. Miners are operating at lower costs and many firms, except junior miners, cut debt. $1,100 is the support.

Miners: Watch Kinross (KGC), Barrick Gold, Goldcorp, and Newmont Mining.

ETFs: DUST.

Gold will fall below $1,000/oz

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