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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (49624)	5/6/2000 10:06:00 PM
From: coug	Read Replies (1) \| Respond to of 99985

Hahaha, Was that waveette two of wavette no aa in hindsight response.. Why don't you set up a moderated thread.. hahaha

To: bobby beara who wrote (49624)	5/7/2000 9:25:00 AM
From: Crimson Ghost	Respond to of 99985

Bobby: Some thoughts on long-term gold cycles. Cyclical gold bulls (I am not talking about brief sharp rallies) tend to occur every 6 years. 1978-79, 1985-87, 1993. So we are due NOW for another cyclical gold bull. The bad news is that each cyclical gold bull has peaked at a lower level. $800 in 1979. $500 in 1987. $410 in 1993. These lower peaks seem to reflect corresponding lower peak inflation rates. So if the pattern holds we should get another lower high this time. I estimate $320 with an outside chance of $340-$350. XAU should advance 50-70% from trough to peak. Again well below the previous cyclical bulls, but a very worthwhile gain nonetheless.