All That Glitters Is GLD: Why Gold Has Put in a Near Term Bottom

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Gold has put in a near term bottom and is poised to move higher throughout 2014. I like gold at these levels because everyone else hates it. Everyone else being the media, the institutions, and the high schoolers on every street corner having to twirl a sign to get you to sell your gold. The charts indicate gold’s strength and there are signs that the institutions are accumulating positions in gold. Keep your gold, the price is going up.

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