Mike Churchill of Churchill Research has examined his own worst-case scenario for gold. You’ll be heartened to learn — as even Mike would be all too happy to concede — that it is not a very compelling scenario, since it’s based in part on a robust economic recovery in the U.S. Click here for the full analysis, which comes to us courtesy of Jonathan Auerbach at Auerbach Grayson.
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
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