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It's another rough session for the precious metals, gold -1.2% to $1,585/oz. - a new low YTD....

It's another rough session for the precious metals, gold -1.2% to $1,585/oz. - a new low YTD. Silver is there as well, -2.2% to $28.82/oz. No rest for the weary gold miners, GDX -1.5% premarket.
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Comments (3)
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    So I would have thought that if you were a gold bug that today would have been a "golden" opportunity to buy since the news that is bringing us down is global political instability. Instead this "safe haven" sells off.
    9 May 2012, 09:45 AM Reply Like
  • jamesbwood
    , contributor
    Comments (307) | Send Message
     
    So much for the rational market theory. At least in the short term.
    9 May 2012, 10:33 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Miners finding support.
    9 May 2012, 11:55 AM Reply Like
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