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Gold shoots out of a quiet trading range it's been in for the last 48 hours, leaping 1% in the...

Gold shoots out of a quiet trading range it's been in for the last 48 hours, leaping 1% in the past minutes to $1,670/oz. GLD +0.7%. Silver is on the move too, leaping $0.55 to $32.05/oz. SLV +2%.
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Comments (6)
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Its ok Gold, Just close below your 200 day for a few more days to get the 50 day to slide under!
    12 Apr 2012, 10:34 AM Reply Like
  • apberusdisvet
    , contributor
    Comments (2966) | Send Message
     
    Hmmm. The physical shortage of silver is now becoming apparent even to the Blythe apologists. Echo chambers at the CRIMEX and LBMA vaults?
    12 Apr 2012, 11:49 AM Reply Like
  • billydgarrett
    , contributor
    Comments (182) | Send Message
     
    does anyone REALLY BELIEVE gold and silver wont gradually nd ongoingly appreciate in the years to come?
    12 Apr 2012, 12:40 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Yes, yes I do. If we keep recovering like we are and uncle Ben doesn't buy any more assets.
    12 Apr 2012, 12:45 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Relative to their true value, of course they will, but where is the true value relative to the current price? We can't know what gold's intrinsic value is, so we can't say.
    12 Apr 2012, 04:26 PM Reply Like
  • vaag
    , contributor
    Comments (10) | Send Message
     
    WHAT RECOVERY? Not economic for sure.
    12 Apr 2012, 08:34 PM Reply Like
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