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Economy
In reply to the discussion: Weekend Economists Revelations and Reviews April 26-28, 2013 [View all]Demeter
(85,373 posts)8. THURSDAY: Gold futures logs biggest one-day gain of the year
http://www.marketwatch.com/story/gold-stretching-gains-into-second-day-2013-04-25?siteid=YAHOOB
Gold futures jumped by nearly $40 an ounce on Thursday to log the biggest one-day gain of the year, supported by physical demand for the precious metal, prospects for easier global monetary policies and a weaker U.S. dollar.
Thursdays rally has brought gold back to roughly 50% of the massive recent sell off, said Phil Storer, director of trading at Dillion Gage Inc., a precious-metals dealer and refiner.
He expects the rally to run out between $1,455 and $1,485, but also said it could stretch out to $1,522...
OR MORE...OR LESS...
Gold futures jumped by nearly $40 an ounce on Thursday to log the biggest one-day gain of the year, supported by physical demand for the precious metal, prospects for easier global monetary policies and a weaker U.S. dollar.
Thursdays rally has brought gold back to roughly 50% of the massive recent sell off, said Phil Storer, director of trading at Dillion Gage Inc., a precious-metals dealer and refiner.
He expects the rally to run out between $1,455 and $1,485, but also said it could stretch out to $1,522...
OR MORE...OR LESS...
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I see someone noticed that we noticed they were not posting bank failures, well done.
kickysnana
Apr 2013
#17
Our new Chair of the Florida Democratic Party was a lobbyist for ChoicePoint in 2000.
Fuddnik
Apr 2013
#31
Also ex-mployees who have survived the worst will not do anything to keep their jobs.
kickysnana
Apr 2013
#18