.......Gold's Important Cycle Trendlines - New Chart

In new annotated chart one at http://www.joefrocks.com/GoldStockCharts.html one can see that gold's Wave 1 Cyclical Bull Market (since April 2001) uptrend line (note that it went parabolic in mid 2005) is at $700ish, and, the primary Secular Bull Market (should last about 20 years, there should be two more Cyclical Bull markets, corresponding to Elliott Waves 3 and 5) uptrend line is at $490ish.

Gold should fall to $700ish or less in the next few months, and, in the next 12-18 months (Wave 2 Cyclical Bear Market) gold should fall to $500-525. Trust me, ignore the gold nitwits and con artists who don't understand (or are conning people) cycles, basic technical analysis (such as relatively flat primary trendlines), Elliott Wave patterns, the COT (Commitments of Traders) data, etc.

....... http://www.JoeFRocks.com/ .