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Anglo Gold Shuts Down All South African Mines / Another Run on Spanish Banks / Rajoy Contemplates Raiding Spanish Pension Funds

by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report

Good evening Ladies and Gentlemen:

It is good to be back.

Gold had a stellar day rising by $27.00 to $1778.30 blowing right through the resistance level of $1775.00. Silver also had a great day rising by 73 cents to $34.62. This is the first time in quite awhile that gold and silver rose the day before any first day notice. Today gold got a great boost from Anglo Gold who announced they were shutting down all of their mines in South Africa because of the turbulence there. Anglo Gold is the 3rd largest gold mining company in the world. Gold production in South Africa has about 39% now off line due to the strikes. North Korea is so desperate for money that it sold its only 2 tonnes of gold. Even the small country of Paraguay bought 8 tonnes of gold. South Korea increased its gold reserves by 30%

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