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Everybody’s a precious metals bear, So … gold and silver prices surge

Posted on 05 December 2013

The prices of gold and silver surged higher Wednesday afternoon because … well, why? The dollar is down on the day. Gold’s price tends to benefit when that happens. But beyond that there’s a dearth of explanations except, well, It’s time.
Dow Jones Newswires’ headline is “DJ Gold Rockets Up $20 As Bearish Traders Grow Nervous.” It’s a cousin of the old “Stocks fell because of selling pressure.” It’s never wrong, it’s not very satisfying, and it’s utterly believable after a 27% YTD selloff………………………………………..Full Article: Source


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VRS - who has written 38939 posts on Opalesque Commodities Briefing.


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