Saturday, August 27, 2011

The fall and rise of gold & silver | weekly recap 22-26 August

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DG365FD46564GFH654FU898 Gold and silver prices changed direction and fell very sharply mainly on Tuesday and Wednesday; these falls were probably stem by the recent margin hike by CME for trading gold , and the change in direction of the anticipation of Bernanke to issue another QE program. Chairman of the Fed didn’t commit to any future programs or stimulus plans, but also didn’t completely take it off the table. Some of the rally in the stock markets probably also helped the bullion market to lose ground during last week. Here is a short review of the changes in gold and silver prices during the week of August 22nd to August 26th 2011:



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