Salient to Investors:

Louise Yamada at Technical Research Advisors said steeply declining monthly momentum and moving-average signals indicate gold may resume a slump as the parabolic stop-and-reverse system and the 10-month moving average below the 20-month measure remain intact after the rally. Yamada said gold may near the 34-month low of $1,179.40 on June 28 and will need a lot of repair to come out of its bear market.

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