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Wednesday, January 23, 2013

Citi cuts 2013 average gold price

As titled in MarketWatch "Citi cuts '13 gold view, upgrades platinum outlook."

Here is a mini snip from the article:

"The bank cut its 2013 average gold price forecast by 4% to $1,675 a troy ounce."

Bottom Line:  If gold can hold $1630-$1670, the yellow metal could surprise to the upside quicker than most think.

My homework shows Gold and gold stocks perform poorly during a Presidential Election Year (2012).  However, the opposite holds true the following year.

I remain fully loaded in gold juniors and explorers which are ripe to peel to the upside once we hit new highs (dido for silver).

http://www.marketwatch.com/story/citi-cuts-13-gold-view-upgrades-platinum-outlook-2013-01-21

Cheers,

Millionaire by 33

Subscribe to my Millionaire by 33 stock alert service and follow all stocks that I buy and sell. I will send you an email alert immediately after I buy or sell. Once you subscribe, I will also send you a list of stocks that I currently own. Subscription is $500 (US Dollars) per year. Happy Investing! Feel free to contact me anytime if you have any questions. contactme@millionaireby33.com

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