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Selloff in Crude Oil Continues… + MORE

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Commodities resumed weakness, although further encouraging US job data lifted equities. Strength in the US dollar was the key reason pressuring gold. The benchmark Comex contract slipped -0.85%. Investors were also concerned as a Reuters survey predicted that gold price would hit US$1000/oz by year end…

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The OPEC, in its latest report, forecast that demand for its oil would decline in 2015. As it maintained the oil demand outlook for both this year and 2015, the drop in the call for OPEC would be mainly driven by the expansion in US shale production. Yet, the cartel has shown no signs of cutting production…

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Brent crude slumped to a 4-year low of 80.46 amidst concerns of oversupply. Market sentiment was also hurt as Kuwaiti oil minister hinted that no production cut would be announced after the OPEC meeting on November 27. The front-month contract Brent crude contract ended the day at 81.67, down -0.81%…

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Online bullion dealer GoldMoney saw markets stabilize last week after the sales of the previous seven days.
GoldMoney’s Head of Dealing and Settlements, Roland Khounlivong said, ‘We had a much more stable week, the market has held steady. Total activity had decreased by 50% from the peak that we hit with sell orders…

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Crude oil extended the decline, hinging on weakness in Chinese economic data and the upcoming OPEC meeting. The selloff was in spite of the bullish US inventory report. The front-month contract for WTI crude oil dived to a 4-year low of 74.07 before settling at 74.21. down -3.85%. The Brent contract slumped for a 4th consecutive day to as low as 77…

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Vancouver, BC, Canada –November 12th, 2014 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) is pleased to announce that it has signed a definitive agreement with Gold Torrent, Inc. (‘Gold Torrent’) (GTOR: OTCBB) on its Willow Creek project in Alaska. The agreement replaces the letter of intent announced on August 6, 2014…

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