Wednesday, March 27, 2013

an tSionna {Gold}


From Chart of the Day.com:

With gold currently trading 15% below its September 6, 2011 peak, today's chart provides some long-term perspective on the bull market in gold that began back in 2001. As today's chart illustrates, the pace of the 12-year bull market has increased over time. Over the past 18 months, however, the price of one ounce of the yellow metal has declined more than at any point since 2008. In the end, this latest pullback has resulted in gold coming right back to support of its six-year accelerated uptrend channel.

*  Link:  Chart of the Day: Gold

**Long the gold ETF GLD in certain client accounts.