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Fed Throws Cold Water On Gold Rally

Blair31 Wrote: Aug 25, 2012 11:54 AM
I don't care. I don't invest.

The Federal Reserve didn’t completely dismiss the idea of additional stimulus; they just pushed it back to September or October at the earliest.  Gold traders jumped on the news to take profits on prices we haven’t seen since March and April. 

Gold was off $2.67 in early trading to $1,665.75 and silver was off $0.05 to $30.36, with a silver/gold ratio of 54.8. 

Part of what makes me suspicious of this gold rally is all the stories in the media about buying gold and price predictions that run from...

Related Tags: Gold Water