Those charts look a lot like the 80’s.. You could overlay your charting right onto the 1981 hi. Gold went down for the next 13 years after 1987 during the 80’s & 90’s. What is the difference between now and then if history rhymes if it does? Have these cycles shortened in duration? If the cycles haven’t condensed we may be a a cycle top not a bottom from the overbought conditions like 1981 and now 2011. I agree this may be an inflection point not sure if is up or down tho?
Thanks for the link Surf, I like posting your free articles on my twitter account to direct traffic to you.
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Those charts look a lot like the 80’s.. You could overlay your charting right onto the 1981 hi. Gold went down for the next 13 years after 1987 during the 80’s & 90’s. What is the difference between now and then if history rhymes if it does? Have these cycles shortened in duration? If the cycles haven’t condensed we may be a a cycle top not a bottom from the overbought conditions like 1981 and now 2011. I agree this may be an inflection point not sure if is up or down tho?