Tuesday, August 9, 2011

Standard and Poor's downgrading of the US' triple-A credit rating was made late Friday

Pan American Metals of Miami says Gold Still Reaching Fresh Highs in Wake of Credit Downgrade. There is seemingly nothing that is likely to stop gold's meteoric rise. Gold continues to skyrocket, flirting with $1700 in Sunday evening's trading as the Dow lost over 300 points. While these kinds of gains may make people cautious regarding a possible correction, nevertheless analysts predict that gold 

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