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Commodities Correct - Bullish Gold Stumbles
April 01, 2008

Bull Market for Commodities Slackens

The long bull run for precious metals has hit a weak point. Sell-offs are on the rise and interest in commodities in general has dried up with renued strength for the U.S. dollar. All this in two days.

Gold this morning has dropped below the $900 mark and is fast headed towards the first benchmark of $885 noted in a posting last week. Soon we may be seeing if it can hold at that level.

Silver has fallen below $17 and platinum rests at about $1910, with future contracts slipping on signs demand will be dropping off, as investors loose interest. Platinums pal, palladium is down around $425.

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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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