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For gold bugs out there, 2013 has been a year to forget. With the commodity down 17% year to date, there are not many asset classes that have done worse. That being said, today's rebound in the price of gold from early morning declines has gold bulls out there hoping that the commodity is beginning to rally out of a double-bottom formation that could set the stage for some better times ahead.

(click to enlarge)

Source: A Double Bottom For Gold?