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Gold 1536.20 -27.90 -1.78%

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Thu, 29 Dec 11 5:47 PM | 53 view(s)
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Gold And Silver Plunge As EUR Reaches 15 Month Lows

Submitted by Tyler Durden on 12/29/2011 - 07:32 Aussie Copper France Investment Grade Portugal Sovereigns

It seems funds left redemptions until the last minute in the vain hope that everything will be fine in the European dis-Union as we see renewed selling pressure in EURUSD - taking out the January 2011 swing lows (as a mediocre Italian auction and failed Hungarian auction weigh heavily on the expectations for a 'solution' or firewall). Gold and Silver are also legging down hard (the latter now -9.5% from Christmas Eve) and the former loses $1550. Gold took out its September 2011 swing lows back to near six-month lows.


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http://www.zerohedge.com/news/gold-and-silver-plunge-eur-reaches-15-month-lows




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