🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

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

Published 11/27/2013, 08:10 AM
GC
-
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.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.