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Thursday
Jan262012

Gold Breaks Downtrend

DateThursday, January 26, 2012 at 09:49AM

Yesterday, it was the 50-day moving average, and now today the price of gold is on pace to break the downtrend that has been in place since its record highs late last Summer.  If the price of gold closes up more than 1% today, it will be the first time it has had back to back 1% increases since early November.

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