an tSionna: Gold

We commented on Friday that gold has been one of the standout performers this year after getting crushed in 2013.  Chart of the Day's {Paywall}recently took a long term view of the shiny metal.  Their conclusion below:

"With gold currently trading 30% below its September 6, 2011 peak, today's chart provides some long-term perspective on this millennium's gold market. As today's chart illustrates, the pace of bull market in gold that began back in 2001 increased over time. In late 2012, however, the parabolic trend in gold prices came to an end and a new downtrend began in earnest. While gold has traded in a flat / choppy manner over the past year, gold has just begun to pull back from resistance of its two-year downtrend channel."

*Long some GLD in certain client accounts although positions can change at any time.

Link:  Chart of the Day:  Gold.