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December 22, 2005

Fast market in precious metals, Thurs., Dec. 22, 2005, 11:46 AM

Yesterday I said I was "hanging in". Already today, gold is up about +$11.30 on the Feb-06 contracts to $506.60. At the same time, interest rates (bond yields are down), and the gold traders cannot believe their good fortune. Cheap money means more speculation.

Posted by Posted by Bill Cara on December 22, 2005 11:46:58 AM | Category: Bullion