Major Deflationary Factors = Gold Wave 2 Cyclical Bear Market
Some major deflationary factors = gold Wave 2 Cyclical Bear Market. The real estate/mortgage/credit bust/crisis is very deflationary, and, the stock market Bear Market is another major deflationary factor, which spells big trouble for gold, which put in a bearish long term double top in Euro and Australian Dollar terms in November 2007 (likely Wave 1 Cyclical Bull Market cycle high) with May 2006's cycle high, see http://www.the-privateer.com/chart/g-multi.html.
The scaremonger gold writers (mindless nitwits in too many cases, who lack analytical/personal integrity and/or are just clueless) continually discuss the very deflationary real estate/mortgage/credit bust/crisis as if it's bullish for gold, and, as if it's confined to the US. Some have goofy gold price targets of $1500 or more, as if those targets might be reached in a year or two. They might be reached in 10-15 years. http://stockcharts.com/charts/gallery.html?%24gold
The US Dollar's Cyclical Bear Market since late 2005 appears to have/probably bottomed in November 2007 at 74.48 (coinciding with Gold's Bull Market peaking), note the bullish large inverse spike, see http://stockcharts.com/charts/gallery.html?%24usd.
One good thing about the gold bear market is that the game is over for the mindless gold nitwits and cockroaches who infest the internet.
As a long term multi-year investor in any stock, commodity, etc. you want to buy near the primary multi-year Secular Bull Market/very long term upcycle trendline. Gold's primary multi-year Secular Bull Market/very long term upcycle trendline is at $490ish right now, so, gold would be a great buy in the $490-520 range. When the vast majority of gold writers say it's a great time to buy or are bullish, as they almost always are, it's rarely a good time for long term investors to buy.
HUI/XAU's Wave 2 Cyclical Bear Market basically began 5-11-06, see charts 7 and 9 at http://www.joefrocks.com/GoldStockCharts.html. The primary Secular Bull Market trendlines since late 2000 are at 210-230 for HUI and at 90-95 for the XAU. Those are the targets for where the Wave 2 Cyclical Bear Market will bottom. ....... http://www.JoeFRocks.com/ .
HUI NEM XAU
The scaremonger gold writers (mindless nitwits in too many cases, who lack analytical/personal integrity and/or are just clueless) continually discuss the very deflationary real estate/mortgage/credit bust/crisis as if it's bullish for gold, and, as if it's confined to the US. Some have goofy gold price targets of $1500 or more, as if those targets might be reached in a year or two. They might be reached in 10-15 years. http://stockcharts.com/charts/gallery.html?%24gold
The US Dollar's Cyclical Bear Market since late 2005 appears to have/probably bottomed in November 2007 at 74.48 (coinciding with Gold's Bull Market peaking), note the bullish large inverse spike, see http://stockcharts.com/charts/gallery.html?%24usd.
One good thing about the gold bear market is that the game is over for the mindless gold nitwits and cockroaches who infest the internet.
As a long term multi-year investor in any stock, commodity, etc. you want to buy near the primary multi-year Secular Bull Market/very long term upcycle trendline. Gold's primary multi-year Secular Bull Market/very long term upcycle trendline is at $490ish right now, so, gold would be a great buy in the $490-520 range. When the vast majority of gold writers say it's a great time to buy or are bullish, as they almost always are, it's rarely a good time for long term investors to buy.
HUI/XAU's Wave 2 Cyclical Bear Market basically began 5-11-06, see charts 7 and 9 at http://www.joefrocks.com/GoldStockCharts.html. The primary Secular Bull Market trendlines since late 2000 are at 210-230 for HUI and at 90-95 for the XAU. Those are the targets for where the Wave 2 Cyclical Bear Market will bottom. ....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
8:12 AM
0 Comments:
Post a Comment
<< Home