GRC Gold Bull It's Just Getting Started 
Just as a preface let's point out that the fundamental driver
of this leg up in gold is the same driver that it's been for
the entire 10 year bull market; currency debasement.
Only now every country in the world is getting in on the race
to the bottom.
That being said it's the dollar's turn to collapse.
The Euro had its spell earlier in the year and now that
fiat$cancer has infected the world's reserve currency -
The a long term chart of the US dollar gives a clear picture
of what is unfolding.
About every 3 to 3 1/2 years the dollar drops down into a major
cycle low.
This smaller daily cycle tends to run about a month (18 to 25 days)
trough to trough.
Noted in the above chart the intermediate dollar, and
gold cycle for that matter, runs on average 20 weeks.
Last week marked the 9th week of the dollars intermediate cycle.
It's way too early to look for a major bottom yet.
If the cycle runs the "normal" 20 weeks then we won't get
an intermediate bottom until late December.
The dollar crisis intensifies this winter gold will not
be sitting still and it certainly won't be topping. ?
As the dollar crashes down to test the `08 lows I expect
we will see gold rocket to at least $1450 and $1550ish
is probably a more realistic target.
But don't forget the larger three year cycle low isn't due
to hit until next spring/summer.
The dollar rally out of the yearly cycle low in December
will also be a dead cat bounce, although it should last at
least a month or two, but ultimately it too will fail and
the true consequences of Bernanke's monetary policies will
come home to roost as the dollar crashes down into the
three year cycle bottom and the currency crisis reaches
a climax next year.
That will drive the final leg up in this huge C-wave advance,
possibly as high as $1700 -$1800.
by T. Connor thanks good info
thank you for reading it
Just as a preface let's point out that the fundamental driver
of this leg up in gold is the same driver that it's been for
the entire 10 year bull market; currency debasement.
Only now every country in the world is getting in on the race
to the bottom.
That being said it's the dollar's turn to collapse.
The Euro had its spell earlier in the year and now that
fiat$cancer has infected the world's reserve currency -
The a long term chart of the US dollar gives a clear picture
of what is unfolding.
About every 3 to 3 1/2 years the dollar drops down into a major
cycle low.
This smaller daily cycle tends to run about a month (18 to 25 days)
trough to trough.
Noted in the above chart the intermediate dollar, and
gold cycle for that matter, runs on average 20 weeks.
Last week marked the 9th week of the dollars intermediate cycle.
It's way too early to look for a major bottom yet.
If the cycle runs the "normal" 20 weeks then we won't get
an intermediate bottom until late December.
The dollar crisis intensifies this winter gold will not
be sitting still and it certainly won't be topping. ?
As the dollar crashes down to test the `08 lows I expect
we will see gold rocket to at least $1450 and $1550ish
is probably a more realistic target.
But don't forget the larger three year cycle low isn't due
to hit until next spring/summer.
The dollar rally out of the yearly cycle low in December
will also be a dead cat bounce, although it should last at
least a month or two, but ultimately it too will fail and
the true consequences of Bernanke's monetary policies will
come home to roost as the dollar crashes down into the
three year cycle bottom and the currency crisis reaches
a climax next year.
That will drive the final leg up in this huge C-wave advance,
possibly as high as $1700 -$1800.
by T. Connor thanks good info
thank you for reading it
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