HUI/XAU Are In Wave 5 Of The Rollover Wave 5 Major Intermediate Term Upcycle Since 8-16-07

HUI/XAU are in Wave 5 of the rollover Wave 5 major intermediate term upcycle since 8-16-07, see chart two at http://stockcharts.com/charts/gallery.html?%24hui. It's likely that the rollover Wave 5 major intermediate term upcycle since 8-16-07 is the last intermediate term upcycle of the Wave 1 Cyclical Bull Market since late 2000 for HUI/XAU.

Sometimes long after an upcycle appears to have peaked (5-11-06 in this case) a huge spike move will occur in rollover mode. The Wave 5 major intermediate term upcycle since 8-16-07 is probably the final huge spike move that marks the end/punctuates the HUI/XAU Wave 1 Cyclical Bull Market since late 2000. At the very least a major intermediate term downcycle will occur for a few months after this upcycle turns down, but, it's likely to be an 18 monthish Wave 2 Cyclical Bear Market.

Most gold writers don't even get the concept of major corrections, let alone Cyclical Bears. Many are simply snake oil salesmen/pimps, that are no better than the mortgage pimps who screwed so many homebuyers/refinancers.

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