Gold Up Eight Days in a Row

With all the hoopla surrounding gold recently, it should come as no surprise that the commodity is currently riding an eight-day winning streak.  The current run represents the seventh time since 1980 that gold has had a streak of eight or more consecutive days with a gain.  As shown below, the only time one of these streaks went for more than eight days was back in 1982 when the ninth day was also positive (on the tenth day it fell 5.7%, or $63 in today's prices).  Looking out over the next week, there has been little consistency in the results as periods of negative and positive returns have been evenly split. ,

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