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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (22409)	11/24/2004 4:25:14 PM
From: ild	Read Replies (1) of 110194

Date: Wed Nov 24 2004 16:00 trotsky (frustrated@what happened in 1974?) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved a major top, followed by a brutal bear market. i'm not saying this has to be similar ( btw., since Earl asked about the 'energy situation' in 74, it was even worse than today's - crude oil had just made an explosive move higher ) , but a comparison of the charts is frightening. they look exactly the same ( use the Barron's gold mining index to represent the HUI in '74 ) . gold made a new high in late '74 far above the previous high ( 200 vs. 160 ) and the gold stock indices made a lower high - in a chart pattern that looks exactly like the '04 pattern. of course this isn't a guarantee of the same outcome. it merely is a heads-up to remain careful.

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