"The long uptrend in gold has been marked by rather short but violent corrections that bring fear and calls for a bear market to the forefront," said Peter Grandich, author of precious metals newsletter Grandich Letter.
"Gold is nearing a major bottom and the surprise will be how fast it heads back to $1,000 before year-end," he said.
I wish him a fully recovery and his prediction is correct.
Thursday, September 4, 2008
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