Precious Metals Weekly

STEVEN BUTLER, Canaccord Genuity (05/19/2009)
"Gold rose 1.7% last week to $931.80/oz (last Friday's close) as a stronger than expected U.S. Consumer Price Index drove the positive inflationary trade for the metal. The Commitment of Traders speculative net long positions (based on Tuesday closing figures) increased 9.7% to 155,880 contracts up from 142,048 the week previous. The SPDR Gold Trust holdings rose marginally to 1,105.62 tons. The S&P/TSX Global Gold Index increased 1.9% last week to 313."

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