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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Patrick Slevin who wrote (9031)	1/5/2006 8:03:59 AM
From: Real Man	Read Replies (3) of 12411

Yes, but the gold rally has lasted 5 years now, and gold has a 9-year cycle. A 5-year rally within a 9-year cycle has never happened before. In other words, the last year highs should not have been exceeded this year, but they were, so the gold rally has no historical precedent. Gold is approaching its seasonal peak, which usually is early February, although it was mid-November in 03 and 04. I would not be long gold now, based on yearly and 9-year cycles and record commercial short positions, but the metal may be telling us something we don't know? A safe place to buy gold is usually late July-August. September is always very good for gold. I expect gold decline within the 9-year cycle, but it sure could surprise everyone.

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