More people selling gold for cashMSNBC - Feb 12, 2009"We have seven buyers and one full-time coin buyer right now," Brian Filer said. He says between 80 to 100 people walk through the store's doors daily, …
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Gold extends rally on haven buyingThe Australian, Australia - Feb 12, 2009GOLD extended its rally in New York to a fresh seven-month high on further safe-haven buying. But the move wasn't as dramatic as in the prior session when a …
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Posted by in Gold Coins
…Gold to Reach $5000/oz According to Respected Goldcorp Founder
The respected founder of Goldcorp (GG), Rob McEwen told Bloomberg how he sees gold rising to as high as $5,000/oz in the next four years. Goldcorp is the second largest gold mining company in the world by market capitalization.
As governments increase the money supply to combat recession, bullion will more than double to $2,000 an ounce by the end of next year. “Politicians around the world are listening to cries from their…
Original Post By Google News By Mark O’Byrne
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The stock market
continues to reject the Administrations plan for rescuing the banks. As a result the financial stocks are down
significantly once again, dragging the Dow down 200 points at the open. Gold had been higher prior to the open but
it came off $1 in reaction to the weakness in the equity market and a stronger
dollar. The dollar is up 86 basis
points at 86.64 on the index. Silver is
down $.12 and is lightly traded this morning.
&nbs…
Original Post By Google News by Joe Battaglia
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