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December 31, 2013

Gold Concludes Worst Year Since 1981

Gold is drifting into its December 31 close right at the $1200 mark. This finish gives gold a nearly 29% drop for the year, delivering its worst annual performance since 1981. Is the gold bull dead? Hardly. But I'm not sure sure we will see price rebound as quickly as gold bugs would like. Gold's intermediate cycle and statistical configurations remain bearish, and I believe the first few weeks of 2014 will ...

 

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