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Saturday, 07/25/2015 1:14:33 AM

Saturday, July 25, 2015 1:14:33 AM

Post# of 63744
Incredibly, the XAU index is back down to the bottom seen at the depth of the gold bear market in Oct 1, 2000 when gold was $250/oz:
http://finance.yahoo.com/echarts?s=^XAU+Interactive#{%22range%22:%22max%22,%22allowChartStacking%22:true}

Smells like capitulation to me ...
http://www.businessinsider.com/now-is-the-time-to-get-greedy-in-gold-2015-7
>>It’s very easy to say, “be greedy when others are fearful,” but it’s another thing entirely to actually do it. Here are a couple of reasons why it might pay off in the miners right now.

They say the best time to buy is when there’s “blood in the streets.” At -22%, the 5-year average annual return for the Philadelphia Gold/Silver index has never been so poor, as Short Side of Long reports. This is exactly what “blood in the streets” looks like:
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