Deviant Investor
The XAU is an index of gold and silver stocks. It has been hammered hard since the gold and silver peaks in 2011.
The XAU bottomed in November 2014 below 62 at a 14 year low, down approximately 73% from its 2011 high at approximately 230. As of Friday March 20 it closed at 69.27.
I suspect that most investors gave up – long ago – on gold, silver and their stocks. Good! The upcoming multi-year rally will be a surprise and should move the XAU index beyond the 2011 highs.
Examine the 25 year graph of the XAU. The chart has been rising slowly but is currently deeply over-sold.
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