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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 an extremely strong bull market since 2001. The pace of that upward trend increased beginning in mid-2005. Following the financial crisis of late 2008, gold once again increased the pace of its ascent. Currently, gold is making new rally highs and has more than quintupled in price during its ten-year bull market. As today's chart illustrates, however, gold is approaching long-standing 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
"Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today." - Peter A. Burshre

Events of the Day
April 15, 2011 - Personal income taxes due (US)
April 18, 2011 - Passover (1st day) - Pulitzer Prizes announced - Boston Marathon
April 22, 2011 - Good Friday - Earth Day
April 24, 2011 - Easter
April 27, 2011 - Administrative Professionals Day
April 28, 2011 - Take Our Daughters & Sons to Work Day - NFL Draft begins (ends April 30th)


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