Replies to post #4657 on FinancialAdvisor's College Class (FACC)

[Blackbelt1]

FA, You're a little ahead of the game more than likely. We are more equivalent now to 1975. The moonshot could happen anytime of course in a crisis, but if current trends and cycles continue in a normal way, it could be a few years before we see the rocket launch.

Regarding cycles: The primary ones are 4-4.5 year, 8-9 years, 18 years, 36 years and so on. Three 8/9-year cycles brings up 24 to 27 years, and six 8/9-year cycles brings up 48 to 54 years, which would correspond to the Kondratieff cycle.

If you're looking for a 25-year cycle on gold, I see nothing compelling about the moonshot here.

Black

[mick]

the GOLD chart shows impressive gains since 2001/2002 with resistance at $420 / new resistance area at $450.

it has taken 25 yrs. to get the gold to get noticed again.

with a worthless dollar , GOLD HAS A GOOD CHANCE AT THE FIRST STOP @ $525 / $550 AREA.

once GOLD get passed the $450 area , $490 GOLD SHOULD BE A BREEZE.

imagine , GOLD @ $35 going to that *j* formation. WOW. $850 GOLD AGAIN?

if the foreign countries ever sell the dollar , like japan and china , it will be total chaos with the american investments.

japan hasn't been buying our dollars as they were a couple of years ago.

reading the chart again , i see a saucer like formation with a slight cup handle breakout.

the saucer is one of the true reading for a breakout pattern.

we could see $500 this summer.

[AnderL]

fa, IMO I don't like the divergence in the RSI and MACD over the last 2 years. It's almost reminiscent of how gold was trading between 1972-1975. Price was trending up but RSI and MACD tops and bottoms were channeling down. Gold might stand to do a 50% retracement that could last for about 2 years before the real spike builds up. If it correlates well with the pump by the Fed on the Dollar and Gold trades down it will be an excellent opportunity to get in low for the real spike.