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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.
