Gold Drops Reinforces ‘Meridian’ Line
By Frank Tang and Clara Denina NEW YORK/LONDON (Reuters) - Gold prices rose on Wednesday along with crude oil, with physical buyers scooping up the precious metal after a sell-off sent bullion to a two-year ...
It looks like China, already the world’s largest gold producer, is also buying all the Western Gold that it can get its hands on, having imported over 114 tons in December – a record. ZeroHedge observes that once again, the price of gold dropped precipitously in December as liquidations took place to meet margin calls,Continue Reading …
Shares of some top silver companies were mixed at the close of trading: Hecla Mining Co. fell $.04 or 1.2 percent, to $3.28. Pan American Silver Corp. rose $.32 or 2.5 percent, to $13.33. Silver Standard ...
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