Wednesday, 4 May 2011
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Silver Prices Sink into Bear Market, "Gold Favored" as Mexico Leads Central-Bank Accumulation
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of "bear market". New data showed the Bank of Mexico buying 93 tonnes of Gold Bullion for its reserves in Feb. and March, the heaviest central-bank buying in 18 months.
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