Maybe this is the reason for LGL getting smnashed today:
"We've been here before haven't we? Gold has been in a rising trend for some considerable time, taking it to trendline or resistance targets, and then "wham!" it gets whacked back down again. Certainly the long-term outlook for gold is excellent, especially given the strong and increasing demand for physical, but over the short to medium-term it now looks set to get taken down again."
http://news.goldseek.com/CliveMaund/1231103190.php
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