Gold Update: Getting Close to the Bottom

Gold appears to be in the middle of a bloodbath phase. They tend to run for about 5-7 days, but irrational downside targets may be signaling the end of the bloodbath phase.

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In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce
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