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Extremely Oversold Gold Is Near Final Bear Market Bottom

November 8, 2015

gold bullionknow that after four years of bear market, at this point everyone has basically given up on gold and left it for dead. But I can say with 100% certainty that every bear market eventually ends, just like every bull market eventually ends.

We are so deep into the bear, and miners, especially junior miners have been beaten down so far that at this point every intermediate cycle low has to be treated as a potential final low. (And) We have another coming soon. Here are the charts:

Gold Monthly 2003-2015

Gold Weekly 2011-2015

Gold Daily 2015

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 Courtesy of The Smart Money Tracker


The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”
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