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Debt Ceiling

Gold and Silver Climb Higher, Stocks Remind Investors That Down Days Are Still Possible

On Thursday, gold ( NYSEARCA:GLD ) futures for June delivery, the most active contract, jumped $24.40 to close at $1,391.80 per ounce, while silver ( NYSEARCA:SLV ) futures for July edged 4 cents higher to finish at $22.51.Both precious metals found a bid as equity markets took a hit. In Japan, the Nikkei plunged 7.3 percent, its worst single-day decline since the March 2011 earthquake and tsunami disaster. Stocks in the U.S. opened the day lower as well, but recovered most of the losses to finish the day only slightly in the red.Are you worried about the Debt Ceiling? Click here to get our Gold & Silver Premium Newsletter OVER 50% OFF now !Wasif Latif, vice president of equity investments at USAA Investments, tells WSJ , "There are a lot folks underweight stocks in this rally and they are using this opportunity to buy instead of running for cover. The market psychology remains a ‘buy-on-the dip’ approach, and there’s a lot of momentum driving this market.”By the end of the day, the SP...

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