Gold sinks $60; lowest price since July 2011
Prices hit by technical selling; silver drops 5.3%
SAN FRANCISCO (MarketWatch) — Gold futures tumbled Friday, poised to settle at
their lowest level since July 2011, as recent cuts to price forecasts continued
to hurt sentiment, prompting investors to lose confidence in gold as a
safe-haven investment.
Gold for June delivery extended losses
after downbeat U.S. retail-sales data, dropping $62.60, or 4%, to $1,502.30 an
ounce on the Comex division of the New York Mercantile Exchange after a dipping
to a low of $1,491.40. It’s on track for a weekly fall of 4.6%.
“It’s pure panic bedlam on enormous volume,” said Gene Arensberg, editor of
the Got Gold Report.
(More…)
Based on most-active contracts, FactSet data shows prices haven’t settled
this low since July of 2011.
Gold also fell along with other commodities, including oil,
following a weak batch of U.S. economic data and as the psychological impact of
potential selling of the precious metal from Cyprus continued to take a toll.
Gold these days “does not seem to respond adequately to the current financial
and geopolitical situation,” said Frederic Panizzutti, senior vice president at
MKS Group.
The MarketWatch article continues at this link.
By Myra P. Saefone and Carla Mozee of MarketWatch
2013-04-12 10:47:28
Source: http://www.gotgoldreport.com/2013/04/gold-sinks-60-lowest-price-since-july-2011.html
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,935,241 |
| Stories: | 8,451,597 |
Whistler Blowers, Insiders
