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Left-for-dead gold market ready to rally

While European and US equity investors, not to mention the new-rich holders of peripheral European bonds, have been riding the quantitative easing party train for the last year and a half, the gold bugs have been left for dead, their faint cries of “inflation” fading into silence.

Now, though, they and their positions in gold shares are stirring feebly in the dust. The metal itself is still weak, but the much-mocked mining company shares are picking up.

 

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