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Downward Trend Continues For Gold
August 12, 2008



Precious Metals Slide Further

The precious metals slide continued this morning with Gold slipping below the $820 mark and all the rest following suit. Little purks of buying are making for choppy waters however, so we may see minor support at this level.

Platinum sits at $1465 and palladium $315 as of this posting. Sillver has steadied at a little over $14.65.

Crude oil has caught some buyer interest and is experiencing some up-swing. At present crude has climbed to about $115.50.



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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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