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Precious metals are down sharply again this morning, led by silver, off 6.9% to $29.10, and...

Precious metals are down sharply again this morning, led by silver, off 6.9% to $29.10, and within sight of its yearly low set in January of about $27/oz. Off 2.9% to $1,614, gold is at a 2 month low. Chatter abounds of hedge fund (Paulson) liquidations and central bank shenanigans, but gold has had a nice decade run - can't it just sell off once in awhile?
Comments (4)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Not when the world is emploding...lol...just sell off and buy what...A US 10 year bonds for 3%.......
    14 Dec 2011, 09:51 AM Reply Like
  • jschroe36
    , contributor
    Comments (66) | Send Message
     
    Cash is king
    14 Dec 2011, 09:52 AM Reply Like
  • Bear Bait
    , contributor
    Comments (664) | Send Message
     
    I thought if stocks went down gold went
    up.
    14 Dec 2011, 10:20 AM Reply Like
  • Chris Bersaw
    , contributor
    Comments (582) | Send Message
     
    Not only did gold fail the 150day average which held in the past--now under the 200dma first time since Jan 2009, if it doesn't hold here, next stop could be 1,550.
    14 Dec 2011, 10:29 AM Reply Like
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