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Gleam is gone as gold prices sink to 4-year low
AP/Excite ^
| 11/6/14
| MATTHEW CRAFT
Posted on 11/06/2014 12:57:23 PM PST by umpqua
Inflation remains tame, the dollar looks strong and Americans are increasingly confident. Even fears that the Federal Reserve would set off another financial crisis have faded as the central bank ends its effort to pump money into the economy. In short, all of the reasons for buying gold over recent years have disappeared, helping to drive prices for the metal to a four-year low.
(Excerpt) Read more at apnews.excite.com ...
TOPICS: Business/Economy
KEYWORDS: investmentmetal
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To: RedStateRocker
41
posted on
11/06/2014 4:27:33 PM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: umpqua
It’ll bottom out most likely by mid-December.
42
posted on
11/06/2014 4:36:42 PM PST
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: umpqua; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
43
posted on
11/06/2014 6:19:23 PM PST
by
Jet Jaguar
(Resist in place.)
To: RedStateRocker
44
posted on
11/06/2014 6:22:03 PM PST
by
Jet Jaguar
(Resist in place.)
To: blam
as if on cue... last night saw russian tanks rolling into the ukraine
and then... gold pops from $1130s to $1170s (4% jump)
45
posted on
11/07/2014 10:20:11 AM PST
by
sten
(fighting tyranny never goes out of style)
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