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The No 1 Gold Stock for 2019

Gold Price To Reach $2500 an Ounce In 2013 - GoldCore

Commodities / Gold and Silver 2012 Oct 17, 2012 - 07:14 AM GMT

By: GoldCore

Commodities

Today’s AM fix was 1,747.75 USD, 1,333.86 EUR, and 1,082.33 GBP per ounce. Yesterday’s AM fix was USD 1,737.50, EUR 1,337.36 and GBP 1,080.40 per ounce.

Gold rose $11.25 or 0.65% in New York yesterday and closed at $1,747.65. Silver rose to 26 cents to close at $32.95 for a gain of 0.8%.


Both precious metals saw further gains in Asia prior to determined selling saw prices gradually fall back late in the Asian trading day and in early European trading.

Goldcore’s Head of Research, Mark O’Byrne was interviewed on Bloomberg Television's "The Pulse" with Guy Johnson about his outlook for gold.

GoldCore's Mark O'Byrne Interview on Bloomberg TV

Gold looks like it may rise in November after the October correction and could rise above $2,500/oz by March 2013 or by September of 2013 due to fiat currency debasement and concerns about all fiat currencies.

Longer term, respected analysts are calling for gold prices above $5,000/oz and much higher forecasted prices such as between $5,000 and $10,000 per ounce are not raising eyebrows as much as they have in the past.

SILVER Silver is trading at $32.96/oz, €25.35/oz and £20.50/oz.

PLATINUM GROUP METALS Platinum is trading at $1,646.50/oz, palladium at $636.50/oz and rhodium at $1,160/oz. Bloomberg TV Interview of GoldCore’s Mark O’Byrne  - Bloomberg

For the latest news and commentary on financial markets and gold please follow us on Twitter.

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'GoldNomics' can be viewed by clicking on the image above or on our YouTube channel:
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This update can be found on the GoldCore blog here.

Yours sincerely,
Mark O'Byrne
Exective Director

IRL
63
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DUBLIN 2

E info@goldcore.com

UK
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EC3V 3ND

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WINNERS MoneyMate and Investor Magazine Financial Analysts 2006

Disclaimer: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors' interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. GoldCore Limited, trading as GoldCore is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.

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