The ^XAU mining stock indices, which is not purely composed of precious metals miners, is about to break into levels not seen in SEVERAL DECADES !!!

http://finance.yahoo.com/echarts?s=^XAU+Interactive#symbol=^XAU;range=my

Robert Friedland, one of the most successful mining speculators ever, is recently quoted as saying, "If this isn't the bottom, it's the end of the world".

If it's the end of the world, one might as well go long, because soon nothing will matter anyway. If we are at the bottom, there is nothing to do but look up.

VP