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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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‘Killer comeback' for gold could now be on the cards

posted on May 10, 2012 12:03PM

‘Killer comeback' for gold could now be on the cards

Despite the past couple of days' dive in the gold price, the latest news from the Eurozone, the US economy and in the Far East might all be taken as gold positive and could presage a sharp recovery in the price.

Author: Agustino Fontevecchia
Posted: Wednesday , 09 May 2012

NEW YORK (Forbes.com) -

The stars could be aligning for gold to return to its decade-long bull run, recently punctuated by sideways trading over the last couple of months. The yellow metal is getting murdered on Tuesday, down more than $40 in New York, but an intense resurgence of political risk in Europe and a couple of months of weak jobs numbers in the U.S. put stimulus definitely back on the table: safe-haven flows, currency debasement, all of these are gold-positive.

Add anti-austerity gaining ground in Europe and the abolishing of a gold excise duty in India (the world's largest gold importer), and you have an even more favorable environment for the yellow metal.

This hasn't been a good year for gold investors. After a nice pop in the first couple of months of the year, the yellow metal completely broke down during the last day of February, entering downward sloping range .....