.......Gold's Wave 1 Cyclical Bull Market Cycle High
Gold probably entered a Wave 2 Cyclical Bear Market after the 3-17 cycle high at $1033.90, see http://stockcharts.com/charts/gallery.html?%24gold. Note the very large bearish spike on 3-17-08's candle.
A slightly lower or higher bearish double top cycle high might occur in a few weeks/months, but, gold has likely entered an 18 monthish Wave 2 Cyclical Bear Market, in which it should fall to $500-550, which is about where it's primary multi year Secular Bull Market uptrend line since April 2001 is.
To my knowledge I am the only one who is anticipating a protracted gold Bear Market now, which jives with the very deflationary worldwide economic/financial markets.
The real estate/too easy mortgage boom from 2002 until early 2006 was very inflationary. The current bust is obviously the diametric opposite/very deflationary. Combined with plummeting major world stock markets, many annihilated financial stocks, plummeting money market rates and bond yields, plummeting credit/debt instruments, real estate bust, etc and it's pretty obvious that the environment is very deflationary.
.......http://www.JoeFROCKS.com/ .
A slightly lower or higher bearish double top cycle high might occur in a few weeks/months, but, gold has likely entered an 18 monthish Wave 2 Cyclical Bear Market, in which it should fall to $500-550, which is about where it's primary multi year Secular Bull Market uptrend line since April 2001 is.
To my knowledge I am the only one who is anticipating a protracted gold Bear Market now, which jives with the very deflationary worldwide economic/financial markets.
The real estate/too easy mortgage boom from 2002 until early 2006 was very inflationary. The current bust is obviously the diametric opposite/very deflationary. Combined with plummeting major world stock markets, many annihilated financial stocks, plummeting money market rates and bond yields, plummeting credit/debt instruments, real estate bust, etc and it's pretty obvious that the environment is very deflationary.
.......http://www.JoeFROCKS.com/ .
Labels: Gold
posted by Joe Ferrazzano at
3:37 PM
6 Comments:
Other than Roland Watson in one article about a year ago, I haven't seen anyone who gets the concept of a Cyclical Bear Market occurring in a Secular Bull Market, let alone anyone who anticipates one now. For all I know he might have gotten the concept from reading my stuff.
By
Joe Ferrazzano, at 4:33 PM
Cyclical Bear Markets occurring in a Secular Bull Market are corrections from a generational point of view. Gold and silver had two Cyclical Bear Markets in the previous Secular Bull Market that peaked in 1980, corresponding to Elliott Wave 2 and 4 downcycles/corrections.
Have a goofy Mickey Mouse gold loon and/or scam artist explain why this time will be different and gold will defy gravity, especially in the face of massive deflation in stocks, credit/debt instruments, money market rates, real estate, etc
By
Joe Ferrazzano, at 11:29 PM
If someone really believes in something they don't need a gimmick or media appearances to show it.
By
Joe Ferrazzano, at 11:35 PM
Heh you fragile ego cowardly gold pimps/scam artists/sucker chumps, your game is OVER.
By
Joe Ferrazzano, at 11:48 PM
Heh gold cockroaches (you know who you are), welcome to the Wave 2 Cyclical Bear Market!
By
Joe Ferrazzano, at 11:50 PM
The gold Dinosaurs are as important as a tick on a Rat's ass. Cycles rule.
A Bull (or Bear) Market is a cycle obviously, and, there are obviously Secular/generational and Cyclical/multi year Bulls/Bears.
By
Joe Ferrazzano, at 11:59 PM
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