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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. Currently, gold is making new rally highs and has more than quintupled during its nearly ten-year bull market. As today's chart illustrates, however, gold is approaching resistance (red line) of its accelerated trend channel.

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
"As fewer and fewer people have confidence in paper as a store of value, the price of gold will continue to rise." - Jerome F. Smith

Events of the Day
October 24, 2010 - United Nations Day

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