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Gold testing resistance – chart

With gold currently trading 34 per cent below its September 6, 2011 peak, this chart provides some long-term perspective on this millennium's gold market. 

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Chart of the Day
Friday, January 24, 2014
Friday, January 24, 2014

As today’s chart illustrates, the pace of bull market in gold that began back in 2001 increased over time. In late 2012, however, the parabolic trend in gold prices came to an end and a new downtrend began in earnest. While the price of gold has recently ticked upward, in the end, this latest move has resulted in gold coming right back to resistance of its one-year downtrend.

Source: Chart of the Day.

The Bahamas government and Cable & Wireless have signed a contract that gives back majority interest in BTC to the government. Watch a ZNS Network news report here.

Bahamian golfer Georgette Rolle (pictured) is participating in the 2014 PureSilk-Bahamas LPGA Classic being held at the Ocean Club Golf Course on Paradise Island this week.

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