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Gold rallies while silver tumbles

October 15, 2008 @ 12:09 pm In Silver Market News

MarketWatch reports silver tumbles while gold zig-zags as rescue efforts are made to ease off the tensed global financial markets.

People currently seem to prefer to sit on cash," said Jon Nadler, senior analyst at Kitco Bullion Dealers. "Another reason [gold isn't rising] is that investors are scrambling to meet margin calls," thus they have to sell even their gold investment.

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