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Gold: First Mover Advantage

August 29, 2012

While markets don't always move like we anticipate, recognizing historical trends can provide an edge if you act quickly.

-Frank Holmes. CEO & chief investment officer, U.S. Global Investors

 

In the Investor Alert, our investment team shares charts and data that we believe provide readers with a first mover advantage. While markets don't always move like we anticipate, recognizing historical trends can provide an edge if you act quickly.

This week, gold bugs were rewarded with the long-awaited positive momentum in the yellow metal, and on Friday, bullion rose to about $1,670. After falling below the 200-day moving average, gold had been stuck in quicksand for several months. With the jumps in the price this week, bullion swiftly rose above this critically important long-term moving average.

 

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