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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold prices and miners: Key signs they’ve bottomed

Posted on 14 August 2013

Bullish gold investors have gotten the upper hand over the bears as gold prices hit a three-week high north of $1,300 an ounce this week. Bullion and gold miner prices broke above their key 50-day moving average Monday for the first time in 10-months, a notable development for an asset that’s been downtrending for nearly a year.
“Gold and the miners tried to turn down, but that downturn has failed,” Tom McClellan, publisher of “The McClellan Market Report,” said in an e-mail. “That opens the door for the bulls to come rushing back in.” So have gold and gold miners finally regained their shine for good? Here are a few key reasons the gold bulls are screaming yes………………………………………..Full Article: Source


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