One of the better days for gold today as a couple of positive technical signs light up.

Regards - VHF

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Gold Breaks Downtrend

B.I.G.

February 16, 2010

After seeing a 15%+ correction since its peak back in December, the price of gold appears to be putting its declines behind it. With a rally of over 2% today, the commodity has broken above its 50-day moving average for the first time in three weeks. Today's rally has also broken the downtrend that has been in place since the December peak.