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Gold Takes a Big Tumble & Silver Comes Tumbling After

Gold & Silver On the Big Decline

Many investors were caught somewhat unprotected yesterday as the four major precious metals began to tumble against a stronger dollar, boosted by the Fed’s recent rate cut. Major fund sell-off began yesterday and continued overnight and into this morning.

The predicted Gold floor of $940 seemed to be holding true through yesterday afternoon, but overnight and into this morning further sell-offs have pushed Gold down to about $920 as of this posting. Silver dropped about $3 and sits at about $17.30 this morning. Platinum went from more than $2000 an ounce to $1810 as of this posting and Palladium, which had ridden up to about $500 is now at about $425.

Other commodity investment is also experiencing serious correction. Crude oil had been pushed up to a phenomenal $110 at it’s peak, but currently has backed off below $100 a barrel.

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One Response to Gold Takes a Big Tumble & Silver Comes Tumbling After

  1. Koichi Ito says:

    Big tumble of price of precious metals are short lived. Soon welcome back to rising price of silver, gold, platinum, and palladium. Today is the day to buy silver, gold, platinum, and palladium bullions or coins. Soon prices will rise to record leval!

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