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Gold Bugs Watch Out: Warning Signs Pile Up

From blogs.wsj.com

Gold prices are down again; prominent investors are dumping the precious metal; and chart watchers note the dreaded “death cross” is poised to take place sooner than later. In other words, look out below? The precious metal is down about 2% and is hovering around $1600 an ounce, a six-month low. Billionaire investor George Soros, one of gold’s long-running supporters, sold more than half his gold holdings in the fourth quarter, according to SEC filings disclosed late Thursday. Additionally, Louis Moore Bacon’s Moore Capital Management cut its entire stake in the SPDR Gold Trust GLD -1.69% (GLD) by the end of 2012, ... (full story)

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