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Message: why gold is oversold

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bambam

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why gold is oversold

posted on Oct 23, 08 12:28PM

"The reason, according to analysts at the World Gold Council, is that the latest bout of the credit crisis has been deeper and more far reaching. Funds were forced to sell desired assets such as gold to meet margin calls, while weakness in European economies lifted the U.S. dollar, which then pushed dollar-denominated gold prices lower."

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