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Gold bug McEwen still sees $5,000 bullion

Friday, April 19, 2013 2:14
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(Before It's News)

Gold has hit bottom and will eventually top $5,000 US an ounce as interest rates move higher, Canadian gold industry executive Rob McEwen tells BNN.

“I think we are at the bottom for gold. We have seen the bottom and some time this fall it will be a lot easier [for gold producers] to raise money,” says McEwen, chairman and chief executive of McEwen Mining.

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