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  • Michael Lee
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  • AEM . Agnico-Eagle Mines . Allied Nevada Gold Corp . Gold . Goldcorp . Moving average . New Gold . Royal Gold . SPDR Gold Shares . Yamana Gold .

After teetering on support for nearly a year, gold looks to be on the move, jumping almost $100.00, from $1580.00 per ounce to $1670.00 per ounce, in just under 30 days. The commodity has also broken above its 200-day simple moving average (SMA), something it hasn't done since January. Not surprisingly, many gold related stocks have turned sharply upward as well; Primero Mining Corp. (PPP), New Gold, Inc. (NGD), Royal Gold, Inc. (RGLD), Agnico-Eagle Mines Ltd. (AEM), Yamana Gold, Inc.…

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  • Michael Lee
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  • Closed-end fund . Exchange-traded fund . Gold exchange-traded product . Income trust . International Astronomical Union . IShares . Net asset value . SPDR Gold Shares .

After breaking above resistance earlier this year, gold has been using the $1,560.00 price level as support and has resisted falling below this level numerous times over the past few months. The commodity is currently lingering around this price, keeping gold investors on their toes.   Similarly, related ETFs like iShares Gold Trust (IAU) and SPDR Gold Shares (GLD) have also been teetering along relative support. As I enjoy the occasional closed-end fund (CEF) investment for their diversification and frequent…

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