Gold (GLD) Rises as Investors Brace for the Worst...or Worse (SLV) (PALL)
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Despite Bounce, Analyst Sees More Downside in Gold (GLD) (IAU) (SLV)
December 21, 2012 9:59 AM ESTSpot gold and SPDR Gold Shares ETF (NYSE: GLD) traded slightly higher early on Friday, as equity market broke down following republican's 'Plan B' failure.
Despite the bounce, analysts at Susquehanna see more downside in the precious metal. They are recommending investors... More
Technical Breakdown Triggers Selloff in Precious Metals (GLD) (IAU) (SLV)
December 20, 2012 11:27 AM ESTPrecious metals were slammed on Thursday after a number of key technical levels were breached. Notably, spot silver prices broke $30.75 support and collapsed below $30 for the first time since August. Early this week Gold breached support at $1675, and this morning the selloff has intensified.
Of note, $1675 was... More
