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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Davy Crockett who wrote (112754)4/26/2008 8:12:33 PM
From: Davy Crockett  Respond to of 312644
 
Here is a very interesting chart that I have selfishly been hoarding for quite a long time. I think I ripped it off of somebody from SI or Investors Hub, but I really can't remember.

Anyway take a look at this & tell me what you see. That chart is probably the most important chart in my arsenal. It tells a heck of a story. And the story has a long, long way to go which is very positive for GOLD/Silver.
Wheat is the past has always been a very good proxy for GOLD in the past in confirming the move of GOLD.




IMHO according to the charts, we are in a very nasty MOMMA Bear market (secular trend), and will remain so for quite a long time.

I am short-term bearish for GOLD/Silver, but am very bullish on the long-term secular trend for both precious metals.

All FWIW only & WTFDIK