Gold is up $1 in
early trading and silver is up $.02.
However, that is substantially below the overnight high, which was more
than $10 higher on gold. Silver traded
as much as $.17 higher. The reaction
upward in gold was due largely to the fact that the European Central Banks cut
interest rates by .50%. Their rate is
now 2%. There were a lot of fears that
they may cut rates a full 1% and that is what had strengthened the dollar so
much over the…
Original Post By Google News by Joe Battaglia
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