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Gold Slides As Equities Plunge Again

Doug Casey (November 18th, 2008) Writes:

Gold declined slowly between the London and New York opens on Monday, plunged in the first hour of Comex trading, rallied back to where it started by early afternoon, but then reversed direction again, from there to late Globex trading, finally finishing the volatile day at $736.10, down $6.20. Overnight, gold is little changed.

Platinum blasted to $858 in Hong Kong, but that was decisively that, as it fell sharply into the New York open, then traded sideways to end at $802/oz., down $31. Overnight, platinum has edged higher.

Silver got onto the same rollercoaster as gold, pushing as high as $9.65, then falling nearly 40 cents, clawing back up to $9.45, but finally pulling back again to close at $9.23/oz., down 24 cents. Overnight, silver is trending higher. (Click here for charts)

It was another disappointing day for the precious metals, especially gold as it failed to generate any

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Gold Rises, Platinum Falls, Silver has a Blast-off Day

Doug Casey (October 30th, 2008) Writes:

Gold was flat to the end of Hong Kong trading, but then pushed higher from there to mid-morning in New York, peaking at nearly $775, before declining slowly to finish at $755.30, up $11.50. Overnight, gold is trending higher.

Platinum sank to $760, below the price of gold, in the far East, but rallied from there to a mid-morning high above $820, before finally subsiding to end at $790/oz., down $35. Overnight, platinum is sharply higher.

Silver was the day’s big winner, taking off at the same time as gold and pushing as high as $10.15 before falling back below $10 around noon and trading sideways from there into a close at $9.89/oz., up 70 cents. Overnight, silver has pushed higher. (Click here for charts)

Gold had a solid day yesterday, with silver soaring while platinum continued to bring up the rear. Something of a tailwind was provided by a dollar

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