Gold - Top commodity manager: Expects gold to climb over $1,350 by spring

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Top commodity manager: Expects gold to climb over $1,350 by spring

Thursday, February 04, 2010
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From Mineweb:

Gold should continue to consolidate over the next few weeks but the next big move is likely to be up.

This is the view of Sprott Asset Management's chief investment strategist John Embry, who says he is looking for the price of the yellow metal to hit around $1,350 to $1,400 by late spring.

Speaking on the inaugural Mineweb Gold Weekly Podcast, Embry says the recent downward trend seen in the gold price is nothing more than a healthy correction.

"Gold had a 300 dollar plus run…

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Topics:		Gold \| Commodities

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