Score one for the Bears.
Commodities are tanking along with equities. Right now, crude oil is down 2.2% to $73.08 a barrel and looks to fall even further throughout the day.
Gold continues its run below $1100 an ounce, currently at $1086/oz, down $12.70. Silver is down 2.5% to $16.45 an ounce.
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See Also:
- CEO Of Goldman Sachs-Owned Molycorp Is Psyched About Treasury’s Protectionist Attitude Towards China And Gold Mining
- Who Needs Gold As An Inflation Hedge When You’ve Got Coke?
- Chinese Gold Production Explodes To Record Levels As Surging Prices Ramp Supply