Gold and silver shares came under heavy selling pressure yet again on Wednesday
as the Philadelphia Gold & Silver Index (XAU) fell as much as 4.2% to 179.93 in
morning trading. In doing so, the XAU reached its lowest level since October
20th of this year and dropped to within 5.0% of 171.27 its 52-week low, reached
on October 4, 2011. However, in mid-day trading the XAU a basket of many of the
worlds largest gold and silver companies pared its losses and was lower by 1.9%
at 184.17.
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