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ITMS

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ITMS

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Wednesday, 03/14/2012 1:23:19 PM

Wednesday, March 14, 2012 1:23:19 PM

Post# of 784
Risk Is On As Precious Metals Collapse


The precious metals are taking another hard hit today as money is flowing out. Not only is the Dollar stronger but the risk on trade is all the rage. The PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading at $22.41, +0.11 (+0.49%). When traders and investors feel the economy is on the right path, there is no need to hold gold for safety. The recent collapse in the price of gold speaks to this. Today, the SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading at $159.63, -2.50 (-1.54%). ...Continue reading here: http://bit.ly/z3SJ3u
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