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Gold is buried 'knee-deep inside a commodity bear super-cycle' (GLD)

To put it simply, the last few weeks have not been too kind to gold. The shiny metal was at its highest level since March 2014 and threatening to break through the $1,350 per ounce level. But then the Bank of Japan said it would target its yield curve rather than increase its quantitative-easing program, and a Bloomberg report surfaced that the European Central Bank was considering tapering its asset purchase program.
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