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It is April 2011, and gold prices are approaching $1,500/ounce. Is the time right for an opportunistic tactical allocation to gold? Why or why not?

It is April 2011, and gold prices are approaching $1,500/ounce. Is the time right for an opportunistic tactical allocation to gold? Why or why not? Related question, what is your forecast of the price of gold for April 2012 and for April 2016? As always, be prepared to back up your views

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