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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold, silver reverse course; fundamentals still in place?

Posted on 09 November 2011

Gold and silver futures lost their momentum and dropped into negative territory Tuesday in electronic trading. The turn reversed earlier gains and came on the heels of word that Italy’s prime minister would step down .
At the same time, precious metals ETFs moved even lower in the regular session. The SPDR Gold ETF (GLD) was most recently down 0.8%. More worrisome, the ETF’s shares spiked down by more than $2 on a notable pick-up in volume after reports spread confirming earlier rumors that Italian Prime Minister Silvio Berlusconi planned to resign………………………………………..Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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