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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Orvana's copper-gold-silver miners back to work in Bolivia after one-day strike	15:37 Metal Bulletin
Dishing dirt on the dollar	15:36 Sydney Morning Herald - Business
vestors Panic Selling of Gold GLD ETF	15:35 The Market Oracle - Housing Market Price Trends
Europe needs clear order for loss imposition in bank closures - ECB	15:35 Yahoo! UK & Ireland
Colombia Stocks Fall as Ecopetrol Hits 15-Month Low; Peso Weakens	15:35 Fox Business - Industries
5 to 10 minutes old www.usagold.com --LIVE NEWS--
BSBR Makes Bullish Cross Above Critical Moving Average	15:32 Daily News, L.A.
Bullish Two Hundred Day Moving Average Cross - VGR	15:31 The Street - Markets
US warns Japan, S Korea on currencies	15:31 Channel NewsAsia - Business
Session Recap: Euro closes higher; US Treasury hurt the BoJ plan	15:31 FXstreet - Forex News
Experts blame TZ economic woes on blind r...	15:30 The Citizen, Tanzania - Business
15 to 30 minutes old www.usagold.com --LIVE NEWS--
GLOBAL MARKETS-US data douses equity rally, gold down 4 percent	15:23 Reuters - Economy
Europe needs clear order for loss imposition in bank closures-ECB	15:23 Reuters - Economy
CANADA STOCKS-TSX falls sharply as gold leads broad selloff	15:23 Reuters - Economy
Spotlight on Earnings Next Week, Economic Data May be Brushed Aside	15:21 The Street - Markets
Triangle Twittersphere welcomes Chancellor Folt	15:21 Bizjournals
Gold price plunges to lowest level since 2011	15:20 Al Jazeera, Qatar - Business
Gold Dives $63 To Its Lowest Since July 2011	15:19 Investors Business Daily - Investing
Gold plunges to $1,500, lowest since 2011	15:17 Boston Herald - National
EU states urge Euro-MPs to back pollution credit plans	15:16 EUbusiness.com
Barroso assures US of Europe's 'strong' economy	15:16 EUbusiness.com
U.S. Says It Is Monitoring Japan on Yen Policies	15:14 The Wall Street Journal - Market News
Gov. Brown relying on private donors to pay for China trip	15:12 WOKR-TV 13, New York - Business
U.S. warns Japan over currency	15:11 MarketWatch
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Fall in March retail sales points to economy losing momentum	15:07 Business Times Online - World (Premium)
MAS sees headline inflation lower at 3-4%	15:07 Business Times Online - Premium - Top Stories
Forex option contracts stop yen from breaking through 100-barrier	15:07 Business Times Online - Premium - Top Stories
Q1 sees economy slip into contraction mode	15:07 Business Times Online - Premium - Top Stories
ForexLive Americas wrap: Gold pulverized	15:03 ForexLive.com
China escapes U.S. 'currency manipulator' label	15:03 Reuters - Economy
Silver Wheaton to Release 2013 First Quarter Results on May 10, 2013	15:02 PR Newswire (Press Release) - Financial Services
IShares MSCI Global Gold Miners Fund Getting Very Oversold	15:01 The Street - Markets
Coeur Announces First Quarter 2013 Financial Results Conference Call and Upcoming Presentation at European Gold Forum	15:01 Business Wire (Press Release)
US Treasury says Japan should refrain its Yen devaluation	15:01 FXstreet - Forex News
Yuan reaches record high against the US dollar	15:00 South China Morning Post - Economy
Column: Gold gouged	14:54 The Journal Gazette, Indiana - Business
RBC apology tough sell in weak economy, experts say	14:54 Toronto Star
Conspicuous Correlation: Retail Sales, March 2013	14:54 SeekingAlpha - Macro View
The close: TSX hit as gold slides into bear market	14:53 The Globe and Mail
Citi raises 2013 oil, natgas price forecasts, cuts gold	14:52 The Economic Times - Markets
More Confirmation The Economy Is Tanking - Trouble For Bank Stocks?	14:51 SeekingAlpha - Financial
Forex: USD/JPY falls hard to intra-week low on US 'suggestions' to Japan	14:51 FXstreet - Forex News
Stocks Drop In Tepid Selling; Retail Sales Disappoint	14:49 Investors Business Daily - Investing
OFF BEAT: Brown & Brown workers hit their stride with TreadDesks	14:48 Business Insurance
Dollar rebounds from session low vs yen, below 4-yr high	14:47 Reuters.co.uk - Currencies - US Dollar
U.S. again declines to name China currency manipulator	14:45 Reuters - Bonds News
B.C. election set to push the tax-hike envelope	14:44 The Globe and Mail
Train Reading: Gold’s Not Glittering These Days	14:44 WSJ: Market Beat (Weblog)
The Wacky World of Gold and Silver	14:44 MercuryNews.com, California - Financial Markets
China escapes U.S. "currency manipulator" label	14:44 Chicago Tribune - Business
US declines to label China currency manipulator	14:43 The Rock Hill Herald, South Carolina - Business

Gold Falls Through Range Lows

by Peter A. Grant

Apr 12, AM
(from USAGOLD.com) --

Gold has fallen through range support at 1526.93/1522.40 to trade at levels last seen in July 2011. Investors continue to shed their safe havens, lured by the siren song of record levels in some key equity indexes.

Lower forecasts for the yellow metal from the likes of Goldman Sachs and Société Générale have added weight to the yellow metal, most notably prompting flows out of gold backed ETFs. GLD, the world's largest gold ETF, has seen redemptions of around $8 bln year-to-date. It is widely speculated that proceeds from the sales of this paper representation of gold are being pumped into the stock market in the hopes of greater returns.

While lower today, the U.S. stock market has been lifted in recent weeks by such flows, amid some expectation that economic conditions in the U.S. will improve later this year. However, a recent string of data misses should be raising some doubts: The big March nonfarm payrolls disappointment being the most glaring, but today's lower than expected retail sales print for March and the plunge in consumer confidence last month add to what appears to be a huge fundamental disconnect.

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Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

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Gold Falls Through Range Lows