Tuesday, February 09, 2010

 
 
 

 
 
 
 
 
MASSIVE breakdown in the U.S. dollar... and a breakout in gold
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Thursday, May 21, 2009
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From Bespoke Investments:

Gold is up another $12.40 today to $939/ounce. Ever since the metal hit support at its 200-day moving average in April, gold has been rallying nicely. And based on technicals, gold has quite a bit of room to run on the upside before it starts to hit resistance again.

As shown below, when the metal broke its multi-month downtrend at the start of May, it turned the technicals from negative to positive.

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More on the coming bull market in gold:

The No. 1 reason to buy gold

Gold stocks break through critical technical level...

One of the most explosive assets in the world is starting a new uptrend

Topics: Gold | Commodities
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