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Gold/Mining/Energy : Sandstorm Gold
SAND 12.120.0%Oct 24 9:44 AM EST

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From: canucklehead807/30/2012 11:30:11 PM
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Auguries—Dog Days
July 26, 2012
By Kevin Michael Grace


Gold was up (at press time) $38.90 (+2.5%) for the week to $1,619.80, and silver was up $0.32 (+1.2%) to $27.45. GoldCore attributed gold’s increase to “investor hopes for additional stimulus packages to be released by central banks [which] increased the yellow metal’s appeal as an inflation hedge. [This] was on the wave of Ewald Nowotny‘s comments and hopes that the US would employ further action after [the Fed's] policy meeting next week.”

Nowotny proposed giving the European Stability Mechanism a banking licence, an idea that should be a non-starter because it’s, well, illegal. But one suspects we’re about to witness a sea change in European law real soon now.

Read more about gold prices and Sandstorm.
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