Comment on CHART OF THE DAY: The Bear Market In Gold Has Officially Begun

CHART OF THE DAY: The Bear Market In Gold Has Officially Begun

It's been a rough day for gold. Right now, it's down about 4.1%, hovering right at the $1500 level. Earlier, it sank below $1500 per ounce for the first time since July 2011. After today's big sell-off, gold is officially in bear market territory (a bear market is typically declined as a 20% drop from the highest level of the cycle).

 

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