Gold bar sales are all the craze at shopping malls across Beijing.
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McEwen Mining is also in the permit process for its Gold Bar project in Nevada, hoping to begin construction in 2014.
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"You don't win that gold bar, then it wasn't successful, " Johnson said.
People who could previously borrow on the strength of their relationships must now offer something solid, like the 100g gold bar commemorating the Beijing Olympics that is for sale in the lobby.
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And if they want to withdraw their gold deposit, they receive it back as a gold bar, and have to pay another 10% or so of its value to have it fashioned back into jewellery.
Someday, he suggested, tongue in cheek, you might find that a can of baked beans will be worth more than a bar of gold.
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However, a three-week-old uptrend line is in place on the daily bar chart and gold bulls still have the overall near-term technical advantage.
However, twice already this month bearish key reversals have occurred on the daily bar chart and gold prices went on to score new highs.
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However, it should be noted that twice already this month bearish key reversals have occurred on the daily bar chart and gold prices went on to score new highs.
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David Cromer's 2008 Writers' Theatre staging of "Picnic" set a dauntingly high bar for Mr. Gold.
The bulls need to step up and show fresh power soon to avoid further near-term chart damage, as a bearish pennant pattern may now be forming on the daily bar chart for April gold.
No chart damage has occurred recently, but the bulls are still a bit worried about the specter of a bearish double-top reversal pattern forming on the daily bar chart, if gold prices show more losses this week.
Phelps's eight gold medals in Beijing also raised the bar a bit for everyone.
December gold futures are pausing on the daily bar chart at present, and this pause is not bearish.
In the 1968 Games, in Mexico City, the American high jumper Dick Fosbury won the gold medal by flipping himself over the bar head first and backward a technique now known as the Fosbury Flop.
The move to exit some gross long positions as of Aug. 23 came as gold prices were swiftly moving to set the bar higher on record high prices.
Gold prices have been trending lower on the daily bar chart for three weeks.
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The gold market also saw some consolidation on the daily bar chart.
Technically, February gold futures saw a three-month-old downtrend on the daily bar chart negated Thursday as prices hit a fresh four-week high.
The nonpareil of charming hypocrisy, though, would be the French police chief in Casablanca, Captain Renault - Claude Rains' fox with a heart of gold - who is forced by the Germans to close Rick's bar and casino, announcing: "I'm shocked, shocked to find that gambling is going on in here!"
Technically, June gold futures are in a two-month-old downtrend on the daily bar chart.
Now, gold prices are in a four-week-old downtrend on the daily bar chart.
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Gold prices are in a seven-month-old downtrend on the daily bar chart and the bears have the overall technical advantage.
However, gold prices remain in a seven-month-old downtrend on the daily bar chart and the bears still have the overall technical advantage.
Gold prices are in a six-month-old downtrend on the daily bar chart.
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Gold prices are in a seven-month-old downtrend on the daily bar chart.
Gold prices are in a seven-week-old downtrend on the daily bar chart.
Gold prices are in a six-week-old downtrend on the daily bar chart.
Gold are still in a six-week-old downtrend on the daily bar chart.
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