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Gold Weakness Wipes Out Six Months Of Gains At The Miners
14 hours ago ago from The Market Guardian | Monitoring The Financial World
Joe Weisenthal of Money Game There are a lot of gold bulls out there who advocate playing the mining stocks, instead of the metal, arguing that through the miners you're getting leverage. That may be true. But leverage works in reverse. In this case it works like this: one month of gold declines = six months worth of gains destroyed. MineWeb, which performed the survey , continues to harp on a big problem at the ...
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