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The price of gold has broken a 40-month uptrend, writes Peter Brandt, who reckons a close below...

The price of gold has broken a 40-month uptrend, writes Peter Brandt, who reckons a close below $1,500 could signal another $250 move down in the metal. On the other hand, a close above $1,585 could indicate support will hold for the time being. The yellow metal today, -0.6% to $1,541.oz.
Comments (2)
  • donaldab1000
    , contributor
    Comments (10) | Send Message
     
    who is Peter Brandt?
    30 May 2012, 10:06 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Gold is catching bids at the same 1535ish level it has four times previously.
    30 May 2012, 10:10 AM Reply Like
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