The Gold Bull Market Starts Here...

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Gold bullion jumped nearly USD 60/oz on Friday, recording intraday lows and highs of USD 742.93 and USD 801.92, respectively, and spurring heavy buying of listed gold stocks, from the majors to the juniors.

Gold bullion jumped nearly USD 60/oz on Friday, recording intraday lows and highs of USD 742.93 and USD 801.92, respectively, and spurring heavy buying of listed gold stocks, from the majors to the juniors. "We had size buying", observed a London-based sales-trader, "in the majors - Barrick, Kinross, Goldcorp, the mid tier Yamana, and as far down the list as the Congo juniors - Moto Goldmines."

Enthusiastic buying of gold equities across London desks continued later across Canadian and US dealing desks.

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