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Russian Spies Kick Off Gold War


Why were the alleged spies interested in gold markets?

As more information comes to light about the 11 Russian spies, one thing has become clear: They really didn't do much. Well, at least that's what they'd like to have us believe… right?

According to reports, one of the spies routinely reported back to Moscow information about the gold markets, which, in and of itself isn't terribly surprising. After all, interest in gold has never been hotter.

The SPDR Gold Trust ETF (GLD), which tracks the price of bullion, is up 9% year to date. The Market Vectors Gold Miners ETF (GDX), which includes holdings such as Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), Kinross (KGC), and Eldorado Gold (EGO), is up 6%. The S&P 500, in contrast, is down 7%

So just what were the Russians able to learn about the yellow metal?

Click below to watch the video.

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