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Gold Trading 21 June 2010

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Gold Chart 21 June 2010

Friday’s gold trading price propelled the precious metal into new high ground once again and much as expected, following the breakout from the pennant pattern of the last two months.  With strong support below from both the 9 and 14 day moving averages which have provided an excellent platform in the upwards trend to date, we should now see spot gold prices continue their longer trend higher where I fully expect the precious metal to achieve $1500 per ounce and beyond by the end of the gold trading year.

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