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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: marek_wojna who wrote (68871)	5/9/2001 7:30:39 AM
From: E. Charters	Read Replies (2) of 116762

Gold always recovers. To say it won't is like saying 4000 years of history is going to change because of Y2K. The longest gold stayed down was 30 years post the middle ages, I believe. there was some kind of mercantile trade imbalance going on at the time. It rises fast. Up to 30 dollars in a day. Look at this chart and tell me you don't think gold is making a bottom. I would put it at one to 2 years tops, perhaps much less. fyii.net The chart's long cycles in 18 years are about 2-3 years 83-85 85-88 88-89.5 90-93 93-96 96-99.5 We are about 2 years into a cycle so from here to 6 months there should be a change. The bottom appears to be nearing at an inflexion. A slow swing back up should be in order. We are also 5 years into a slow decline. Gold bottoms are very sharp, not gradual in modern times. This would say that one year is the wait for a return to climbing prices. Once they start, a very long (7 year) cycle should be in order, as was the case from 77 to 84. (not in the chart). The thing that hath been, - it is that which shall be; and that which is done, - is that which shall be done: And there is no new thing under the sun. Ecclesiastes 1:9 EC<:-}

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