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Berger: Why I am going long on gold

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Steady Trader Serge Berge is looking to invest in gold for the first time in a very long time as he believes the return of inflation expectations and volatility in other assets will offer support to gold prices.

According to Berger, gold has been in a bear market for the last four years with prices down 40% from the highs of 2011.

Berger says the pick-up in volatility in commodities, foreign exchange and most recently in interest rates is likely to spread to equities. When that happens, it will provide support for gold. He is looking to buy at USD 1170 with a stop at 1120 and a target of 1300.