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Friday, April 20, 2012

GOLD - Is the uptrend over?

This trend line start back in 2008 and supported the incredible uptrend we've seen in Gold in the past years. The shiny metal has historically played the role of defensive asset but lately is acting more like a risky asset showing a quite strong (positive) correlation with equities. Will the line hold once again or after three tests of it shall we expect price to break down?

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