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Gold's safe-haven status is renewed amid the situation in Cyprus, sending Comex gold above...

Gold's safe-haven status is renewed amid the situation in Cyprus, sending Comex gold above $1,600/oz. for the first time this month. “Gold should profit from the possibility that savings are no longer regarded as safe," Commerzbank says, but it's too early to know if the push will last; Societe Generale doubts gold rallies much from here. Gold miners also move up: GDX +1.1%, GDXJ +1.2%.
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Comments (3)
  • DeepValueLover
    , contributor
    Comments (10005) | Send Message
     
    Gold has always been a hedge against deposit confiscation. Absolutely nothing has changed. People forget about the security of gold.
    18 Mar 2013, 12:27 PM Reply Like
  • Rousseau SC
    , contributor
    Comments (278) | Send Message
     
    With the planet under the control of the loonies, all bets are off for me. I am left with mere gambling exercises.
    18 Mar 2013, 12:41 PM Reply Like
  • ziggysdad
    , contributor
    Comments (42) | Send Message
     
    Stocks are over bought, Gold is still uncertain till it goes above 16.29. What's a poor investor to do?
    18 Mar 2013, 02:26 PM Reply Like
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