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Tuesday, September 12, 2006

Metal Meltdown

Metal meltdown: The metals markets continue to bear the brunt of commodity fund liquidation, with the Gold market among the hardest hit. The most active December Gold futures plunged below the psychologically important $600.00 this morning, with Gold bulls running for the exits and speculative sell-stops being triggered. Since posting contract highs at $750.00 on May 12th, December Gold has fallen over $150.00, leading some analysts to believe that the bull move in Gold is over. Read More....