Thus Spake Bernanke. Messages from the Hole.

By Jon Nadler
22 August 2008 @ 02:32 pm EDT

Gold prices fell during this winning week's final session, reaching lows of near $823 as participants continued to ponder whether the 5% rally from last Friday's 775 lows was real or just virtual reality. The yellow metal has repaired on third of the damage it sustained since the $910 high seen three Fridays ago, and about one fifth of the hit it took after recording its mid-March record-setter of $1033.90

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