22 August 2011 (gold $1877, up 17% in 1 month, up 201% in 5 years)"We believe political/economic policy inertia with regard to debt management is likely to continue to drive physical and paper appetite into 2012/13...We expect levels of over $2000 per ounce to be achieved before year-end."12 Sept 2011 (now $1834, down 4.5% in 1 week from $1920 peak)"Buy gold on dips...likely to reach fresh all-time record highs before year-end."11 Sept 2012 (down 10% in 12 months to $1736; ETF holdings set new records)"We remain bullish all precious metals and gold remains the safe choice..."19 Dec 2012 (slips to $1665, middle of 2011/12 range; ETFs set new records)"Gold – a buying opportunity."20 March 2013 (gold $1607, down 16% from peak 18 months earlier; ETFs shrinking)"Short gold rallies as bubble is in the process of deflating."19 July 2013 (now $1295, up 9% from end-June's crash low; won't set another new low until Nov. 2014; about to rally another 10%)"The rebound developing since $1180 looks corrective...H&S [pattern] forming...down trend is to resume soon."
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Adrian Ash is director of research at BullionVault, the physical gold and silver market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to many leading analysis sites including Forbes and a regular guest on BBC national and international radio and television news. Adrian's views on the gold market have been sought by the Financial Times and Economist magazine in London; CNBC, Bloomberg and TheStreet.com in New York; Germany's Der Stern; Italy's Il Sole 24 Ore, and many other respected finance publications.
See the full archive of Adrian Ash articles on GoldNews.
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