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Big Week For Gold

Grant75 Wrote: Nov 26, 2012 11:54 AM
One would expect the gold price to climb on GOP talk of abandoning the Grover Norquist “pledge.” Higher taxes = less private investment = fewer jobs = less revenue = more deficit spending = more fiat money = (well, you get the idea)

Yes, it was a shortened trading week due to the holidays and the volume was down, but even with those factors in the equation it was a big week for gold and next week looks to continue the upward trend. 

Gold closed the week up an impressive $19.60 to $1,749.20 and silver was up $0.73 to $34.07 for a silver/gold ratio of 51.3. 

When I suggested previously that any price point over $1,745 an ounce would be a good place to start some small sales if you need the cash for durable goods, I didn’t...

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