If you think it has been a tough few months for equities,
it pales in comparison to the recent performance of gold. After hitting
its high for the year in February, gold has been in a relentless
downtrend for the last four months. In fact, since the February peak
alone there have been eight different periods where gold attempted a
rally, only to see the advance run out of gas before the commodity could
even make a higher high.
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