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Gold/Mining/Energy : Precious and Base Metal Investing

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To: rubbersoul who wrote (33323)12/12/2004 10:24:51 PM
From: Louis V. Lambrecht  Read Replies (1) of 39344
 
You still have many readings of longwaves.
One would be that we are not speaking of cycles: top-bottom and bottom-top not necessarely are equal.
Starting with 1980, we had longer trend (5 years down, with the trend) and corrections of 3 years up (against the trend).
If we buy that 2001 was a bottom, we could expect:
- an uptrend, 5 years up, 3 years corrective down (in this case we have one year more to go)
- first a neutral cycle - marking the reversal - of 4 years up, 4 years down (in this case we topped)
- a continuation of the old cycle, 5 years down, 3 years up (in this case the top is past due).

As we only have less than 30 years of price history to prove the existence of 4 cycles, this isn't really what I could call statistical evidence <vbg>.

Sharelynx gold cycle here sharelynx.com
can't find a non protected link, but has to be on many a gold forum.
Here is one: news.goldseek.com
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