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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:30 AM EST

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From: canucklehead80	3/25/2013 5:55:15 PM
	of 1133

Auguries - March 16, 2013 Too Big To Whale Kevin Michael Grace Gold was up (at press time) $17.30 (+1.1%) for the week to $1,592.60, and silver was down $0.45 (-1.6%) to $28.51. Reuters reported March 15, “Gold hovered near $1,590 an ounce on Friday as [insert piffle about US economic “recovery” here—Editor] makes safe-haven assets like the precious metal less attractive.” Clearly distressed by gold’s resilience, Reuters asked Li Ning of CIFCO Futures in Shanghai for an explanation. He replied, “It is a global trend that the value of paper money is diminishing, which attracts investors to gold, a hard asset.” And now, an intermission. Commentary will resume shortly. In the interim, readers are invited to meditate upon the following quotations. Read the rest of this article about gold prices here.

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