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Wednesday, February 20, 2013

Gold Price Falls Into 'Death Cross' Signaling It Has Further To Fall $GLD

Gold Price Falls Into 'Death Cross' Signaling It Has Further To Fall $GLD

At least that’s the strong indication from how its price, in New York trading, is moving right now. As of Wednesday, the metal's 50-day moving average has fallen below its 200-day moving average.
Technical analysts call that a “death cross” because historically it signals an acceleration of price declines. 

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