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Gold Downtrend Looks Like the Direction Ahead, Projections for 2012

Market Oracle | December 18, 2011 | 10:06 pm Energy Precious Metals Europe Gold Silver 

Ouch, that hurts. I could see a negative move in the works but I don’t think anyone expected a plunge like this past week. Friday upside move was very unimpressive so, although we might get a bounce here, the downside still looks like the direction…

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