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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Gold At $1600, Recoupling With Stocks Post QE2

posted on Feb 15, 2013 11:32AM

Gold At $1600, Recoupling With Stocks Post QE2

Submitted by Tyler Durden on 02/15/2013 11:00 -0500

The media appears to be gorging on the 2% drop today in Gold and 11% drop in the last 4 months. Gold's demise today appears triggered by JPY's dump at around 8amET - though longer-term, it appears gold and stocks are recoupling in the reflation trade from around the start of QE2. At $1600, gold is back at August 2012 levels but +134% from the 2008 Lehman 'event'.