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Despite raising forecasts for gold and silver as talk of another possible round of QE escalates,...

Despite raising forecasts for gold and silver as talk of another possible round of QE escalates, UBS cuts its rating on several precious metals miners citing a significant run-up in equity prices over recent weeks. The firm lowers Franco-Nevada (FNV -4.3%), Royal Gold (RGLD -1.8%) and Hecla Mining (HL -1.2%) to Neutral from Buy: I, II, III.
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