Comment: Buy when there's blood in the streets

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Buy when there's blood in the streets

You don't want to buy when everybody's on the bandwagon

1) Global gold investment demand is down 68% over the past year. (Source: World Gold Council, Q2 2013)

2) Gold has already met the generally accepted definition of bear market, with it 31% decline from 2011 peaks.

3) Gold and other precious metals are in the midst of a severe technical downtrend.

4) Gold is underperforming every major asset class, including long-term Treasury bonds which have been horrible.

5) Gold manipulation or not, being short gold or completely out of gold, has been the right place to be.