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China, Russia and other central banks are loading up on gold. They'll likely jump in at bargain prices. Doing so would pressure "the dollar's exchange value."
Manipulative attempts to protect it may end up "hastening (its) demise." The fullness of time alone will tell.
It hasn't happened so far. On April 15, gold plunged more than $140 an ounce. Its 9.3% decline was the biggest one-day drop since February 1983. It settled at $1,361.10 an ounce.
What's a holder to do?
Investor Marc Faber "love(s) the fact that gold is finally breaking down because that will offer an excellent buying opportunity.""The bull market in gold is not completed."
He expects a "major low in gold within the next couple of weeks."
"(Y)ou should actually buy (it) as a trade."
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