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Gold miners go big, precious metals sink

From kitco.com

{podcast} While gold was flashing yellow, gold miners made a number of aggressive deals this week. Ron Macdonald, CEO of Zinc8 Energy Solutions (CSE:ZAIR), joined correspondent Paul Harris and Mining Audiences Manager Michael McCrae to record Kitco Roundtable podcast on Friday. Today gold tumbled around 4% as investors sold off the precious metal. February Comex gold futures were last trading at $1,839.40, down 3.88% on the day after breaching a key $1,850 an ounce level. The fall is being blamed on a rise in bond yields and worries about the economy, resulting in liquidation and a flight to cash. However, analysts ... (full story)

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  • Category: Fundamental Analysis