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Monday, July 04, 2011

In The Lead – The China Syndrome… of Another Kind

 

http://www.kitco.com/

Bullion BarsGold prices touched lows not seen in over six weeks overnight and they were heading towards finishing this week with their worst performance since the commodity meltdown of early May.

Spot quotes received during the wee hours showed the yellow metal trading near the $1,486.00 mark per ounce despite a slightly lower US dollar but certainly being "assisted" by a larger-than-$1 slippage in black gold. [...]
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