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Wednesday, December 14, 2005

Gold falls like a brick!

Gravity has finally hit the Gold market, as prices continued their plunge for a second straight day. After hitting a 25-year high at $543.00 in the February contract, prices have dropped more than 30 dollars. Much of the selling was tied to massive liquidation by Japanese speculators on the Tokyo Commodity Exchange (TOCOM) overnight. Read More....