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Down Week For Gold

seobbastaff12 Wrote: Dec 05, 2012 6:53 AM
Wow! it’s so nice reading this kind of information. For all its current challenges, however, there’s no denying that the breath-taking speed of Gold One’s transformation from being the owner of a single, medium-sized ramp-up project.

Gold took two big tumbles the last week of November, pushing prices down for the week and to even on the month.  The trigger for price drop for gold on Wednesday has been traced to 7,500 futures contracts that were dumped right at the opening bell, triggering a wide swath of stop-loss orders.  Prices recovered on Thursday, then the selling resumed on Friday, the last trading day of November.

When the dust settled Friday gold was down $11.00 to $1,714.60 and silver was off $0.77 to $33.40, with the silver/gold ratio ending the week at 51.3.  The sudden...

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