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12-14-2010, 08:39 PM #1
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J.P.Morgan Materially Cuts Short Silver Position Says Source
Gold & Silver Not Crowded Trades as J.P.Morgan Materially Cuts Short Silver Position Says Source
Commodities / Gold and Silver 2010 Dec 14, 2010 - 09:20 AM
By: Adrian_Ash
THE PRICE OF GOLD rose to 1-week highs above $1400 per ounce overnight in Asia on Tuesday, rising as the Dollar fell on the forex market, before slipping back after new data showed much stronger-than-expected US retail sales and factory-gate inflation for November.
Crude oil slipped from $88.70 per barrel, and base metals also dipped.
Wholesale silver investment bars dropped 50 cents from $30 per ounce after extending Monday's rally – and gaining 4.3% from last week's finish – as the Financial Times reported that market-making brokerage and bank J.P.Morgan has “materiallyâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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05-18-2024, 07:35 AM in General Discussion