Chart of the Day - Gold more than quadruples during its nine year bull market

Chart of the Day

Today's chart provides some long-term perspective in regards to the gold market. As today's chart illustrates, gold has been in a strong bull market since 2001. The pace of that upward trend increased beginning in mid-2005. Following the financial crisis of late 2008, gold surged once again. Recently, however, gold has pulled back from resistance (red line) of its upward sloping trend channel. In the end, with gold currently trading at just shy of $1,100 per ounce, gold has more than quadrupled in price during its nine-year bull market.

Notes:
- Does the gold rally continue or is the party over? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.

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Quote of the Day
"The desire for gold is the most universal and deeply rooted commercial instinct of the human race." - Gerald M. Loeb

Events of the Day
February 14, 2010 - Chinese New Year - Valentine's Day - NBA All-Star Game - Daytona 500
February 15, 2010 - President's Day - Washington's Birthday (observed)
February 16, 2010 - Mardi Gras
February 17, 2010 - Ash Wednesday

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