denmo, gold is rallying off a nominal 40 wk low, the last 40 wk cycle before an upcoming 4.5 yr low. it will be in gear with the euro for awhile shorter term.
The 80 week low on the Euro was the 40 week low on gold. Gold's going up with the Euro but this 40 week cycle should right translate, in other words it will start down before the Euro does.
The Euro and gold will be disconnecting. Once the 40 week cycle turns down for gold it will be heading down into its 4.5 year low due ned o the year. Once the 80 week cycle turns down on the euro (which will be after gold has already started down) it will be going down into its 4.5 year low duen end of 2006.
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