\25 Press Releases\
November 11, 2011 - MIAMI, FL - Gold's downward slide is attributable to the fact that panic over the Italian situation has died down since Italy has managed to score a loan of 5 billion euros, reducing the need for a safe haven.
Leaving aside the fact that news from Europe is changing almost hourly, and that anyone who thinks this loan makes everything just fine is seriously optimistic, if not delusional, a drop in price of almost $50 from earlier highs is sufficient to attract bargain hunters. If we do, in fact, factor in the likelihood that the European crisis is actually far from over, then gold is likely to rally again in the very near future. Between buying from bargain hunters and renewed safe-haven demand, it is unlikely that this dip in price wil...
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