Tags: john taylor | gold | buying | opportunity

FX Concepts CEO John Taylor: Gold ‘Close’ to Buying Opportunity

Monday, 15 Apr 2013 02:08 PM

Gold’s decline to a two-year low is “close” to offering a buying opportunity, John Taylor, the founder and chief executive officer of currency hedge fund FX Concepts LLC in New York, said in an interview with Erik Schatzker and Sara Eisen on Bloomberg Television’s “Market Makers.”

Taylor predicted gold will stabilize between $1,250 an ounce and $1,400 and that the metal is attractive at $1,300.

“The governments are very much involved,” Taylor said. “They don’t want deflation.”

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Gold’s decline to a two-year low is “close” to offering a buying opportunity, John Taylor, the founder and chief executive officer of currency hedge fund FX Concepts LLC in New York, said in an interview with Erik Schatzker and Sara Eisen on Bloomberg Television’s “Market Makers.”
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2013-08-15
Monday, 15 Apr 2013 02:08 PM
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