Related articles:


nike blazers what can you do

ghd straighteners Tough Government Gas Mileage Rules Good for Drivers

victoria secret swimwear you will find that space

shamballa bracelet Some lose only part of their fu

hermes belt Today's ceremony becomes of great importance

Gold drags TSX sharply lower
Gold and oil veered sharply lower Monday following data that showed much weaker than expected economic growth in China, sending grape 5s the benchmark index of the Toronto Stock Exchange to a loss of more than 250 points. ET, the S composite index had slumped 255 points to 12,082. The materials group, which includes gold stocks, plunged 6.1 per cent.
Gold miners suffered huge true religion jeans declines. Shares of Barrick Gold plunged more than 10 per pandora beads cent, or $2.41, to $20.53. It was one of the most actively traded stocks on the TSX. Kinross Gold windows 7 product key fell 64 cents to $5.77.
"Leveraged hedge funds appear to be forced to sell gold because of margin calls and now stock margin calls," said Mark Grant, managing director with Southwest Securities. "Things could get quite ugly, quite quickly, as we draw towards the close," he warned in a Goyard note to clients this morning.
The gold selloff began last week on speculation that the central bank in Cyprus would dump some or all of its $600million US in gold. That sparked worries that other troubled ghd straighteners European oakley frogskins economies might sell some of proenza schouler their gold reserves too.
"This is panic, this isn't organized at all," said Phil Streible, a senior commodities broker at RJ O'Brien Futures.
Silver plunged more than 11 per cent, down $3.03 to $23.30 an ounce.
China growth slows
China announced Monday that its economy grew by 7.7 per cent in casque beats the first quarter. While that's much better than most countries, it surprised analysts who'd expected China's GDP would pick up steam to eight per cent.
"The GDP figure will no doubt prompt 2013 growth forecasts for China to be trimmed over the coming hermes belt days," said BMO Capital Markets senior economist Benjamin Reitzes.
China is the biggest driver of commodity prices, so any sign of weakness leads to quick selloffs in the resource sector.
Copper and aluminum prices also hit new year lows Monday. Teck Pandora Charms Resources, oakley military a major producer of copper, plunged $2.27 to lululemon $25.87.
Crude oil futures also slumped windows 7 product key on the China news, falling $2.62 to $88.67 a barrel. That's a fourmonth low for crude. The TSX energy group tumbled 3.3 per cent.
The Dow Jones industrial average fell 157 points to 14,707. The S 500 fell 22 points to 1,567.
The Canadian dollar, which often moves in hermes bracelet line with commodity prices, slid 0.70 cents to 97.94 cents US.