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Gold Resumes Long-Term Bullish Trend

Gold (a daily chart of which is shown) as of Friday (2/18/2011) has continued its remarkable long-term bullish trend, as the entire month of February thus far has been strongly net bullish. This most recent bullish run follows on the heels of a bearish correction off the all-time highs that occurred throughout the months of December 2010 and January 2011. For more gold technical analysis, please click here.

James Chen, CTA, CMT