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Gold is fairly Priced according to mining industry.

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GoldBars-8

The main reasons for gold’s decline are laid out in the mining industry news. They see a bear market begin at $1520. This is the other side of the hype.

http://www.mining.com/its-official-the-gold-market-is-in-recession-heres-why-60695/?utm_source=digest-en-mining-130331&utm_medium=email&utm_campaign=digest