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These are the triggers for the next gold price rally; why $3,000 is very real

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(Kitco News) - Gold prices are not due for a correction, and a further rally towards $2,000 could happen if certain triggers in the economy are pulled, said John Kaiser of Kaiser Research Online.

“The reason for gold to reprice into the $2,000 to $3,000 range is linked to this uncertainty, just growing and growing, and what will be the trigger that suddenly makes people say, Humpty Dumpty has fallen off the wall, and nothing will ever put them together again, and then start buying gold because there is no alternative really to the U.S. dollar,” Kaiser told Kitco News on the sidelines of the Xplor Mining Convention.

Long-term, the future of the mining and resource sector depends on a new wave of investors and speculators, and millennials and future generations need to adopt a familiarity with the industry for this to happen, Kaiser said.

“Millennials, they’re the next generation, and the generation Xers, which are in between, that group doesn’t really know anything about the junior resource sector,” he noted. “It’s absolutely critical that millennials and generations Xers discover junior resource sector speculation for this sector to survive, otherwise, this ecosystem completely falls away.”

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