Gold Drops Below $1200 On Heavy Volume, Silver Freefalls To Feb 2010 Lows

Gold ETF holdings are now back at levels first seen in April 2009. Gold's break below $1,200 likely brought some momentum chasers but Silver is in freefall, down over 5% and back to Feb 2010 lows. WTI Crude also broke below the crucial $81 level.
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