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THE AMAZING GOLD BULL MARKET IN PERSPECTIVE

16 October 2010 by Chart of the day 3 Comments

By Chart of the day

Today’s chart provides some long-term perspective in regards to the gold market. As today’s chart illustrates, gold has been in a strong bull market since 2001. The pace of that upward trend increased beginning in mid-2005. Following the financial crisis of late 2008, gold surged once again. Currently, gold is making new rally highs and has more than quintupled during its nearly ten-year bull market. As today’s chart illustrates, however, gold is approaching resistance (red line) of its accelerated trend channel.

Notes:
- Does the gold rally continue or is the party over? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.

Chart of the day

Chart of the day

Chart of the Day provides insightful charts with regards to the US stock market, US economy, gold and associated indicators. At any given moment our focus is determined by market conditions and feedback from our subscribers. Some of our subscribers consider Chart of the Day as their own independent investment research department.

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