Chart of the Day

Today's chart provides some long-term perspective in regards to the gold market. As today's chart illustrates, the massive bull market in gold that began in early 2001 is alive and well. In fact, as today's chart illustrates, the pace of the gold bull market has only increased over time. Since peaking in early September 2011, however, gold has retreated. Each pullback has brought gold back down to support (green line) of its accelerated uptrend. Over the past two weeks, gold has declined once again and has crossed below the $1700 per ounce level and is once again testing support.