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Home > About Us > In the News > May 16, 2011

In the News: Reuters

Recent volatility in gold shakes out trend chasers, portfolio manager Axel Merk tells Reuters

"…

'It's mostly position squaring over the weekend,' said Axel Merk, who manages $700 million mutual fund assets at Merk Investments. 'We've had this dramatic run-up week after week in both gold and euro.'

'The good news is that it shakes out the trend chasers and momentum traders coming into these markets, and what you end up are stronger hands who are buying gold and euro in the long term,' he said…."

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