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A BRIGHT FUTURE - by James Turk

Predicting year-ahead price action for any asset class is tricky, and
gold, with its sensitivity to political as well as economic currents, is
trickier than most. But tricky does not mean impossible. The way a Wall
Street analyst might look at stocks versus bonds and conclude that one or
the other is undervalued; it's possible to use gold's supply/demand trends
and value relative to other assets to gain an idea of how it should behave
in the short run. Here are two such approaches, both of which (surprise)
are flashing screaming buy signals:

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