Tuesday 13 September 2011

Investors Sell Gold, Silver ETFs to Cover Loses Elsewhere - ETF Trends

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Investors Sell Gold, Silver ETFs to Cover Loses Elsewhere

ETF Trends


McGhee believes that traders were cashing in gains on gold to cover losses elsewhere. “We had a similar situation in 2008, when stock markets dropped and pulled gold lower, as some hedge funds had to compensate loses by liquidating gold positions,” ...


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