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Gold/Mining/Energy : Silver prices
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To: MonetizeMe who wrote (7211)4/20/2006 11:07:29 AM
From: ~digs  Read Replies (1) of 8010
 
May silver dropped $1.822, or 12.6%, to $12.70 an ounce in New York, leading a broad decline among the metals futures. June gold sank $20, or 3.1%, to $616 an ounce after reaching a record $645 earlier in the session. "This originated in the silver pits," said Jon Nadler, an analyst at Kitco.com. There's "major profit-taking by funds that had loaded up in anticipation of the silver ETF," he said, and since the ETF still has not seen the light of day, "funds decided not to be pigs and took some money off the table."
marketwatch.com
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