However, he then looks for gold to peak late this year or early next.
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Are you suggesting that we buy now in the hopes that gold will reach the 1980 gold price peak?
On Jan. 15, Wheaton announced it will acquire interests in the Bajo de la Alumbrera gold-copper mine in Argentina and the Peak gold mine in Australia.
TO), an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and the Peak Gold Mines in Australia, at a little over 6% of the ETF, followed by SEMAFO (Toronto: SMF.
George Soros apparently thinks the gold bubble reached its peak in April.
And then, just when we think it is ready to scale its final peak, gold could turn tail and run for the valley.
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As the prices of gold and silver continue to climb to record levels, many investors are reminiscing fondly about ignoring warnings from half a year ago that gold was approaching its peak.
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That long-term bull market appears to have ended with a temporary reversal to the downside in 2011, a recovery back up but to a lower peak last October, and a more serious plunge since that has gold down 24% from that peak, officially in a bear market.
FORBES: Gold Finally A Tarnished Asset After 12-Year Bull Run
Gold fell from its morning peak.
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Also, it shows you, for instance, gold is heading toward a unsustainable peak.
That's why, when the panic reached a peak this fall, gold prices didn't go through the roof as everyone sought safety.
Calling the timing of the peak or the price where gold tops has become a cottage industry these days.
Everybody is rushing to buy gold, and I am telling my people it is time to start moving and rotating out of gold and selling gold, because it has reached its peak, but you cannot see that in your head with the numbers.
The amazingly steady climb of gold and silver for 5 straight weeks to new peak prices is the signal that investors recognize the dollar and therefore dollar securities are risky.
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May is the peak for Hindu wedding ceremonies in India, where gold is often bought to give to brides.
Since reaching its peak price during the fall of 2011, the gold ETF GLD has declined in the neighborhood of 28%, and was even lower before a bounce off of lows early in the week.
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We are at a 30 year peak for silver, which has been acting even more positively than gold.
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Fears of a slowdown in Indian buying come at a crucial time, as the peak wedding season is kicking off traditionally when consumers buy gold ornaments for gifts to brides.
The peak traffic moment was on 1 August, when cyclist Bradley Wiggins won his gold medal in the men's time trial.
Barclays said when looking at the legacy report, the gold non-commercial positions as a percentage of open interest still remains well below its peak.
FORBES: FOCUS: Speculators' Net-Long Gold Position Rises - CFTC
As you can see from the chart, the rather sharp correction from the September peak occurred during a seasonally strong period, but since the initial plunge, gold prices have again begun to edge higher.
Gold had been up 30% in three months before correcting as much as 10% from its peak during Thursday trading.
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On "Thrilling Thursday" Jonnie Peacock's gold medal win in the T44 100m attracted the UK's biggest ever Paralympic sports audience with a peak of 6.7m viewers.
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