AI
Saturday, November 25, 2017 3:23:51 PM
long term chart from the secular trend low in 2001. Gold was apparently in a secular trend bull market from then until 2013.
Then in 2014 the price broke a trendline extending from a low late in 2001 and a low in 2005. Was that the end of the secular gold bull?
Perhaps not. A second trendline projected from 2 lows in 2001 was touched at the 2015 cyclical bear market bottom. The decline stopped right there at that trendline! Gold then rallied to a new intermediate high in mid 2016. Then it pulled back and again stopped almost exactly on that trendline at the end of 2016.
This secular trendline still hasn’t been broken as of mid November.
[-chart]suremoneyinvestor.com/wp-content/uploads/2017/11/Gold-Monthly.png[/chart]
Then in 2014 the price broke a trendline extending from a low late in 2001 and a low in 2005. Was that the end of the secular gold bull?
Perhaps not. A second trendline projected from 2 lows in 2001 was touched at the 2015 cyclical bear market bottom. The decline stopped right there at that trendline! Gold then rallied to a new intermediate high in mid 2016. Then it pulled back and again stopped almost exactly on that trendline at the end of 2016.
This secular trendline still hasn’t been broken as of mid November.
[-chart]suremoneyinvestor.com/wp-content/uploads/2017/11/Gold-Monthly.png[/chart]
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