Monday, June 10, 2013

Roubini Gold going to $1,000

http://www.cnbc.com/id/100783239


Gold is likely to fall below $1,000 an ounce, nearly half the level it reached at its peak in 2011 according to Nouriel Roubini, the founder of Roubini Global Economics. And the man credited for calling the financial crisis believes one of the key factors that will drive prices lower is "extreme political conservatives, especially in the United States"

Bullion's two-year rally from 2009 to 2011, that saw prices more than doubled, showed all the signs of a classic asset price bubble, according to Roubini, who believes there are other factors that will help drive prices back towards 2009 levels

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