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Junior Miners On Sale

Posted on August 05, 2008

The precious metals rally that ended in May 2006 was a very good time for almost any investment in mining, whether it was the AMEX Gold Bugs Index (HUI), the Philadelphia Gold and Silver Sector Index (XAU), or junior mining companies. But after that rally, something changed.After the spot gold price reached $730 in May 2006, there was a correction period that was followed by a rally to $1,030. Another correction followed and price of gold seems to be near a bottom at the current levels around $900, still up roughly 24% from its May 2006 high....

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gold , gold price , junior , metals , precious metals , silver