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Showing posts from April 20, 2013

MAX KEISER -vs- GOLD SKEPTIC on the PRICE of GOLD & why you should OWN PHYSICAL GOLD

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MAX-KEISER-vs-GOLD-SKEPTIC-on-the-PRICE-of-GOLD-n-why-you-should-OWN-PHYSICAL-GOLD


Gold rose on Wednesday after a slide to two-year lows this week attracted Asian interest in buying the physical metal, but sentiment was still severely shaken by the biggest two-day loss in 30 years.

Investors continued to exit gold-backed exchange-traded funds, concerned that the metal has lost its shine as a safe haven and inflation hedge.

Gold rose 0.7 percent to $1,383.15 an ounce by 0755 EDT (1155 GMT), having tumbled to its lowest since January 2011 at $1,321.35 on Tuesday. The market fell by a combined $225 on Friday and Monday, which compares with a total trading range of $260 in 2012.

It is down about 18 percent so far this year after 12 years of gains.

"We bounced a little bit in the past two sessions, and I suspect there was quite good buying coming out of Asia from places like China and potentially India," Natixis analyst Nic Brown said.

"I think that at this point a new range wi…