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Gold Takes Hiding in Rush For Cash

  1. Lochend15M

    1,427 Posts.

    Gold finished around $305.20 in NY. Liquid cash, appears most desirable at these moments, and gold indexes are tumbling during this high vola sell off. Calls, might be far more attractive. So much for the $US1700 dollar an ounze fantasies.


    However, note that even immediately after Sept 11 last, the US $XAU went backwards until mid November, while attention was focussed elsewhere.

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