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Gold/Mining/Energy : Aurcana Corporation - AUN.V

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Apr 19 5:00 PM EST

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From: canucklehead80	7/31/2012 4:32:53 PM
	of 300

Auguries — TBTC June 22, 2012 By Kevin Michael Grace Gold was down (at press time) $54.10 (-3.3%) for the week to $1,564.50, and silver was down $1.47 (-5.2%) to $26.94. Reuters reported, “Gold fell 2.5% Thursday, nearly wiping out this year’s gains as renewed fears of a global economic slowdown and disappointment over a lack of aggressive US Federal Reserve stimulus dampened bullion’s inflation-hedge appeal.” Translation: Bernancus Magnus descended from his Olympian redoubt Wednesday and delivered a gloomier assessment than previously. Zero Hedge comments, “In April, the Fed saw 2012 GDP between 2.4%-2.9% and unemployment of 7.8%-8%. The just released updated forecasts table has these two critical for the election campaign data points at 1.9%-2.4%, or a major drop since April, for GDP and unemployment declining to 8%-8.2%. One thing is certain: whatever GDP and unemployment are at the end of 2012, they will not be whatever the perpetually inaccurate Fed forecasts.” Read more about gold prices.

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