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

May 30, 2012 9:39 AM ETGLD, IAU, DGL, DGP, DZZ, DGZ, UBG, UGL, GLL, SGOL, PHYS, AGOL, UGLDF, DGLDF, PHYS:CABy: Stephen Alpher, SA News Editor2 Comments
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.

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