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One Trader Is Cautiously Optimistic on Gold Prices

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Uploaded by on Feb 8, 2011

NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals why he is a little bit more positive on gold prices.

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  • Phil said "Government debt is out of control" causes savvy investors to hold gold and silver to preserve their wealth against rising inflation (8% pa). Stocks have had a good run and commodities have had a great run up in price.

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