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Speculators behind gold price dip

Monday, April 22, 2013 0:07
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(Before It's News)

The collapse in the gold price is the result of market manipulation by huge overseas bullion-price speculators rather than an end to the conditions which drove prices sky-high, says one local gold dealer.

Brent Hindman of New Zealand Mint, a private business which sells bullion to investors here and overseas, said there had been a lot of unnecessary hand-wringing over the recent gold price plunge while speculators would be happy with recent events.

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