Gold And Silver's Two Cyclical Bear Markets Within The Prior Secular Bull Market
See this chart http://www.chartsrus.com/chart.php?image=http://www.sharelynx.com/chartsfixed/GC1976btm.gif for gold's Wave 4 Cyclical Bear Market from December 1974 until August 1976, in which a -45%ish+ decline in gold occurred over 18 months.
This is the real world that the gold scam artists won't tell you about. There were two gold and silver Cyclical Bear Markets in the prior Secular Bull Market that peaked in 1980, corresponding to Elliott Wave 2 and 4 downcycles.
In the May 1969 (maybe earlier) into 1970 timeframe gold had a Wave 2 Cyclical Bear Market, in which gold fell -20%+, see http://www.chartsrus.com/chart.php?image=http://www.sharelynx.com/chartsfixed/GC1970btm.gif.
Silver had a 3.5 year (about 42 months) Wave 2 Cyclical Bear Market from the Spring of 1968 until late 1971, see http://www.sharelynx.com/chartsfixed/SI1970-80.gif, and, silver had a Wave 4 Cyclical Bear Market that began in early 1974 (see previous link), and, didn't break it's declining peaks downtrend until 1978.
Sharelynx (good site, http://www.sharelynx.com/) changes their chart links frequently because they have a subscription service, so, see http://www.chartsrus.com/ if the chart links in this post don't work.
This is the real world that the gold and silver scam artists won't tell you about. They don't even acknowledge that major corrections/downcycles occur within Cyclical Bull Markets, like HUI's from 12-2-03 until 5-10-04, in which it dropped about -30% to -35%, which means that many gold/silver stocks dropped much more than that, especially small caps.
Beware of rampant corruption in the gold and silver sectors. Life isn't that easy. Being a success in this world takes a lot of hard work. Gold's primary Secular Bull Market uptrend line is at $500ish right now, see chart two at http://www.joefrocks.com/GoldStockCharts.html.
....... http://www.JoeFRocks.com/ .
This is the real world that the gold scam artists won't tell you about. There were two gold and silver Cyclical Bear Markets in the prior Secular Bull Market that peaked in 1980, corresponding to Elliott Wave 2 and 4 downcycles.
In the May 1969 (maybe earlier) into 1970 timeframe gold had a Wave 2 Cyclical Bear Market, in which gold fell -20%+, see http://www.chartsrus.com/chart.php?image=http://www.sharelynx.com/chartsfixed/GC1970btm.gif.
Silver had a 3.5 year (about 42 months) Wave 2 Cyclical Bear Market from the Spring of 1968 until late 1971, see http://www.sharelynx.com/chartsfixed/SI1970-80.gif, and, silver had a Wave 4 Cyclical Bear Market that began in early 1974 (see previous link), and, didn't break it's declining peaks downtrend until 1978.
Sharelynx (good site, http://www.sharelynx.com/) changes their chart links frequently because they have a subscription service, so, see http://www.chartsrus.com/ if the chart links in this post don't work.
This is the real world that the gold and silver scam artists won't tell you about. They don't even acknowledge that major corrections/downcycles occur within Cyclical Bull Markets, like HUI's from 12-2-03 until 5-10-04, in which it dropped about -30% to -35%, which means that many gold/silver stocks dropped much more than that, especially small caps.
Beware of rampant corruption in the gold and silver sectors. Life isn't that easy. Being a success in this world takes a lot of hard work. Gold's primary Secular Bull Market uptrend line is at $500ish right now, see chart two at http://www.joefrocks.com/GoldStockCharts.html.
....... http://www.JoeFRocks.com/ .
Labels: Gold
posted by Joe Ferrazzano at
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