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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	12/25/2007 6:17:17 PM
	of 6865

gold prediction for 2008, retest of top then down hill stockcharts.com gold has been good for the last few years and about the same amount of time that they markets have been in a bull market, They may continue moving hand in hand as I suspect that gold will also decline with stocks. The dollar has likely bottomed as be a heavy weight around the neck of gold. After all a barrell of oil at 100 dollars a barrel would only be 65 dollars a barrell if the dollar was worth a dollar and not 65cents. Same effect should be to other commoditys as well, 2008 may not be the year for commoditys in general. The post below was my 2007 prediction for gold and was completely wrong, but was likely one year early Message 23132091 The down move in gold from 1980 to 2000 had 5 year down and 3 year up sequences as the bear market unfolded. Even if you are very bullish on gold you should expect a simular sequence going up. It is possible that the 5 years up starts counting on the trend break of the bear market. If this is the case the 5 years are up now and 3 years of correction should unfold starting now.

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