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Gold market set for a collapse: portfolio manager

BNN.ca staff
4:58 PM, E.T. | March 30, 2011
Best of BNN, Energy & Resources

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With the price of gold reaching record highs, a growing chorus of market commentators say the fundamentals no longer justify such a high price. Yoni Jacobs, Executive Director and Portfolio Manager at Chart Prophet Capital, tells BNN that over-speculation, heightened expectations of price increases and a surge in publicity around the gold market are all contributing to a bubble.

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