Gold possibly in 'early stages' of bubble, but prices to continue higher

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Gold possibly in ‘early stages’ of bubble, but prices to continue higher

MINING.com Editor | January 13, 2011 | 7:01 pm Precious Metals Gold

Mining Weekly reports: The gold price, which set a record above $1 430/oz in December before settling back to the current $1 380-odd, is probably in the “early stages of a bubble”, but the momentum continues to be to the upside, GFMS chairman Philip Klapwijk said on Thursday.