CHART OF THE DAY: The Bear Market In Gold Has Officially Begun

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Friday, April 12, 2013 CHART OF THE DAY: The Bear Market In Gold Has Officially Begun It's been a rough day for gold. Right now, it's down about 4.1%, hovering right at the $1500 level. Earlier, it sank below $1500 per ounce for the first time since July 2011. After today's big sell-off, gold is officially in bear market territory (a bear market is typically defined as a 20% drop from the highest level of the cycle). Gold topped out at $1900.20 on September 5, 2011. The $1520 level represents a 20% decline from that peak, and the market already smashed through that to the downside earlier this morning. Read » Also On Money Game Today: JPMORGAN'S TOM LEE: We Were Wrong About The Stock Market How Portugal Became A Horrific Economic Mess Advertisement CHART OF THE DAY: China Is No Longer A Low-Cost Producer CHART OF THE DAY: The Japanese Bond Selloff That Everyone Is Talking About CHART OF THE DAY: Why The Personal Savings Rate Is Tumbling Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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