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Another Down Week For Gold

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Prices rallied a bit on Friday but it wasn’t enough to pull gold even for the week. 

Gold ended the week down $3.00 to $1,710.30 and silver was off $0.10 to $32.06, and the silver/gold ratio ended the week at 53.3. 

Gold is down, but it’s down from $1,780 an ounce and showed fairly good resistance in maintaining prices above $1,700.  By way of a reminder, we were trading near $1,580 back in August.  If $1,700 represents the new normal in pricing, that’s huge. 

Keep downward pressure on gold prices are the strength of...

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