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Gold’s Big Breakdown Hints at a Major Top, Could Expose 1200 in Time

April 16, 2019 1:04 PM
As any gold bug would tell you, last year’s fourth quarter was a strong one, with the yellow metal gaining nearly 8% from October through New Year’s Day. The good times carried over into mid-February, when gold peaked near $1350, but the price action over the last two months suggests that a major top may have formed.