I realize that this extended (and somewhat manipulated) move into a yearly cycle low has frustrated most investors to the point where they have no more patience left, and have lost sight of the big picture. So I am going to go over it again, because I think it is a huge mistake to lose sight of the reason why we are investing in this sector to begin with.
To start, I’m going to assume that gold
will drop down into another eight year cycle low pretty much on
schedule sometime in late 2015 to mid 2016. As long as that assumption
is correct then I think we also have to assume that there is another
C-wave advance between now and then.
The reason I say this is because all
markets are governed by the forces of action and reaction. Hence in order for
gold to drop down into a correction severe enough to be considered an
eight year cycle low, it first has to generate a rally big enough to
trigger a profit-taking event of that magnitude.
So let’s begin by looking at the last three C-wave advances and the corrective action that followed each one...
That is a small sample of the latest Weekend report.
In all fairness I have been warning traders that this was coming. This is a chart I posted to the blog on November 24 2011.
gold bugs may want to read the entire weekend report before you throw
in the towel on the sector. The 16 month correction is completely normal
and should soon generate another huge leg up in this massive bull
I will reopen the $1.00 two day trial subscription for
anyone interested in reading the report. If you decide you want to
continue accessing the nightly reports do nothing and the trial will
automatically convert to a monthly subscription after the second day. If
you are only interested in reading the weekend report just cancel the
subscription by following the directions in red print on the home page
before the second day expires.
OFFER HAS EXPIRED