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Why gold has lost its luster
For the 11th year in a row, gold prices have rallied, making this one of the longest winning streaks for the yellow metal. And for most of 2011, it seemed like nothing could stop prices from climbing -- gold prices peaked in September at more than $1,900 an ounce. But in recent months, many high-profile investors have sold their positions, suggesting that gold's glory days could be coming to an end. Billionaire investor George Soros, who called gold "the ultimate bubble," cut his holdings in the SPDR Gold Trust (GLD) as early as May. Hedge fund manager and long-time gold bull John Paulson held tight for a few ... (full story)
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- Dec 20, 2011 1:54pm Dec 20, 2011 1:54pm
- Happy_Camper
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- DragonFire
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There is always a price for promises you don't keep!
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