Gold Lower for the 4th Straight Day

Commentary for Thursday, March 20, 2014 – Gold closed lower again today down $10.90 at $1330.50 making for the 4th straight day of decline under the weight of tapering by the Federal Reserve. So the toll in losses over this 4 day period has been $46.00 which might be big…

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Gold Again Reacts Negatively to the Federal Taper

Commentary for Wednesday, March 19, 2014 (www.golddealer.com) – Gold closed down $17.60 at $1341.40 reacting to the Federal Reserve’s plan to reduce its bond purchases. The plan (sometimes called tapering) is designed to reduce the amount of liquidity created by the government to improve business and employment during the recession.…

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