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 Pan American Metals of Miami Reports Gold Breaking Through $1700 as Dow Tumbles More Than 600 Points- Pan American Metals of Miami Reports Gold Breaking Through $1700 as Dow Tumbles More Than 600 Points
- August 10, 2011
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Gold skyrocketed to well over $1700, Monday, August 8 as the Dow dropped over 600 points in the wake of S&P's credit downgrade.
MIAMI, FL - Analysts had forecast that S&P's credit downgrade last Friday would not have too great an effect but Monday's trading was brutal and the Dow lost over 600 points in the single worst day of trading since December 2008. Not surprisingly, gold shot up to $1722 as investors searched desperately for new safe havens. Targets for gold for the rest of this year have been revised to $1850. Hold onto your seats; it's about to be a really bumpy ride! Gold (briefly) eclipsed platinum on Monday. ...
- View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-reports-gold-breaking-through-pr-325556.html
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