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Reserve currencies continued to take ground from gold this week. Sterling appreciated 4.1 percent against bullion while the euro rose 3.2 percent. Both the yen and the Swiss franc climbed 1.2 percent.
After the break in gold prices this month, a fair amount of questions popped up ‘round the water cooler about the money flows into and out of the iShares Silver Trust (NYSE Arca: SLV). The queries were prompted by the dissonance between the money flows and share prices in the SPDR Gold Shares Trust (NYSE Arca: GLD) examined in a preceding column (see "Gold's Waning Strength").
A big surprise party was thrown by the U.S. Energy Department this morning when its weekly petroleum inventory report was released. Bears, rather than the bulls, did most of the celebrating, however.
Reactions to yesterday's missive ("Shootout At The 24K Corral") proved one thing: Not everybody is off on their summer holidays or, if they are, they're staying wired. (No, not wired. That's so last generation, but I'm not sure that the phrase "they're staying wirelessed" is proper.)
About Brad Brad Zigler's stints as a contributing
editor for the Corporate Communica-
tions Broadcast Network, the Journal
of Indexes, and CRB Trader have set
the stage for his current role as manag-
ing editor of HardAssetsInvestor.com.
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