Short Term Trading Member Forum

[pmiles]

Airedale, cash, usa and team

What's your reading on gold?

Looking at the futures chart I have it:

Heading down into a 4.5 year low which now looks to be due in the week of the 21st (last 4.5 year as Spring 2001).

80 week low due same time (last one as weeof May 14th 2004)

20 week low due same time (last as week of June 3rd 2005)

10 week low same (last as 7/15/2005)

5 week same (last as 8/30/2005)

2.5 week same (last as 9/27/2005).

We're 3 days into that so shouldn't make a new high and should retrace from here.

Do you all agree with this cycle analysis?

One hell of a Right translation here! If it's correct then we've got a heck of a mild anticipated pullback likely into this 4.5 year low, which is might bullish for the next couple fo years I'd supose.

Peter