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Gold bullion prices 2012

Gold bullion prices in 2012 topped out in September 2011 above $1,900, and it has been consolidating since. Bullion is currently trading above $1,700; but soon, we will likely be looking back at sub-$1,800 gold as a fond memory.Looking at gold from a purely technical perspective confirms my bullish outlook. Plus, with European debt problems destined to evolve to a full blown crisis next year, the U.S. banking system will be drenched in its wake. The future for gold looks bullish from a fundamental viewpoint as well.