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Gold Edges Higher

nostrum Wrote: Dec 06, 2012 1:48 PM
Wasn't it George W. Bush who first gave the auto companies $18 billion? Crony capitalism??

Bargain hunters stepped in to buy gold after what started as a dismal week for gold and commodities in general. 

Gold was higher early Wednesday by $9.02 to $1,704.19 and silver was up $0.19 to $33.04, boosting the silver/gold ratio to 51.6. 

The rise in industrial commodity prices was pretty much across the board with platinum, palladium, copper and crude oil all posting gains.  Wednesday’s gain came in spite of stronger dollar, a clear indication the commodities market was oversold. 

Hopefully some of you managed to lock in prices on a small buy when...