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Friday, June 24, 2011
What is causing the Gold price sharp decline ?
Silver and Gold prices have taken a nose dive on Thursday and then again today Friday . $1,500 Key Support Level for Gold says Jon Nadler, senior analyst at Kitco.com . This diving is more pro dollar than against Gold , The US Dollar seems to be the safe heaven for the moment
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Jon Nadler
Gold & Silver Selloff continues
Gold & Silver Selloff continues from Thursday . David Morgan the Silver Guru gives his take on How to Trade the continuing Selloff in Gold and Silver , a lot of it has to do with this Ben Bernanke's QE2 approaching the end says David , the $1500 in Gold is psychological level we will see what happens from there the psychological level for silver is 33 dollars and change , David Morgan says that his position is as always short silver long Gold
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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