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by Stockwatch Business Reporter
And so, what now? Do we feign shock and awe day after day that bullion continues to soar, or do we reserve that for when gold has an off day -- a day that must surely come, right? Right? Bullion reached $4,250 early on Thursday, but that was just the start, as it carried on to the midafternoon pause, reaching $4,315.50, up $108.30 on the day. The TSX Venture Exchange nevertheless lost 20.25 points to 1,007.36, but the TSX gold index soared past a new hurdle, ending the day up 27.61 points to 815.16 -- just 17 sessions after having crossed the 700-point threshold.
There were naturally some big gains among gold miners listed in Canada today. McEwen Inc. (MUX) jumped $1.71 to $31.98 on 566,000 shares. (Remember when McEwen conceded defeat to the New York Stock Exchange and rolled back its stock 1:10 to return it above the $1 (U.S.) mark? No? Well, that was just three years ago. The consolidation bump-and-grind, usually a losing dance, worked, as it put McEwen at $4 and it has never looked back since then.)
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