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The Bottom Has Arrived. It's Time To Buy Gold

Published 11/27/2013, 08:10 AM
It's time for a pep talk.
 
Folks, bear market bottoms are the single greatest opportunities one ever gets in investing. The initial move out of a bear market bottom is where the really big moves occur, and occur fast. Look at what happened as miners came out of the last bear market:
HUI Gold Bugs Index Daily
Considering that this bear market has been artificially induced and has severely damaged the physical market, this bottom has the potential to be even more aggressive than the '08 bottom. Throw in a dollar crisis next year, and a bubble phase that's due to start anytime and it gets even more bullish.
 
We've now got everything on our side. We have an intermediate cycle that is 22 weeks long. That is smack in the timing band for a bottom. We have a daily cycle that ran long at 29 days. We have sentiment that is at levels typical of intermediate bottoms. We have a dollar cycle that has rolled over in a left translated pattern and a three year cycle that has topped. We have a massive volume spike in the Direxion Daily Gold Miners Bull 3x Shares ETF (NUGT). A sure sign that smart money is positioning for an impending bear market bottom. And now we have insiders buying. All of our tools have lined up to give a buy signal.
NUGT Daily
This is why we sat on the sidelines, so we would have the mental capital to pull the trigger when the time came. The time has arrived. It's time to pull the gym bag out of the trash can and get back to work.
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Latest comments

I have read your past articles and how many times are you going to be wrong in being bullish for gold? If you keep calling it a bottom for gold eventually you will be right after being wrong oh so many times as you have. This time is no different than your other bullish calls on gold. Still much more downside to go in this bear market!!
Wrong wrong again as you have been in the past. Gold has not reached a bottom yet.
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