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Chart of the day is...

...two years of the gold price:

What goldbugs, gold supporters, gold owners and anyone who understands the basic common sense of having a percentage of your net worth in gold need to do is to be completely honest with themselves and others about that chart: It sucks.

Can anyone blame a chartist for looking at that sort of chart and saying "Yeah, going lower isn't it?".

Full disclosure: I own bullion and will continue to do so.