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Strike at BHP’s Escondida mine takes toll on Chile’s copper output, GDP

By analyst By Cecilia Jamasmie An already three-week-long strike at BHP Billiton’s (ASX, NYSE:BHP) (LON:BLT) Escondida mine in Chile, the world’s biggest copper mine, dragged down the country’s GDP by 1% in February and is expected to significantly affect the nation’s annual output, authorities have warned. With every passing day Escondida remains inactive, Chile loses

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Copper Confirms the Negative Outlook for Precious Metals and Oil

Looking at the charts, technical analyst Clive Maund sees copper “riding for a fall.” We have already observed how oil and precious metals are looking set to turn lower, especially oil, and the medium-term bearish outlook for these commodities is confirmed by the negative setup that we will now examine on the latest charts for

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Let’s Get Real: Why You Must Own Precious Metals

By GoldSilverWorlds It can be difficult, even for dyed-in-the-wool perma-bulls to hold onto precious metals, let alone buy more. We see the Dow trading above 20,000 (placing this into perspective, is that since 2000, the Dow is up around 65% versus gold’s 300%), gold and silver currently languishing below multiple “resistance” points; suspended just above

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