“I could rattle off one bullish fundamental after another. But there are some technical reasons I must highlight as well.  Gold is now more oversold than at any other time since 1985. Simply take a look at the bottom of this chart. It shows the rolling returns of an investment in gold since 1981. The recent bear market, which I pegged, is gold’s worst performance since 1985 and also represents a hugely oversold condition. One that is essential to lead to a huge move in the opposite direction ― up.”

http://www.moneyandmarkets.com/7-reasons-why-gold-prices-are-poised-to-take-off-again-55590

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