Buy Gold

Learn how to buy and sell gold in our online guide to gold investing
Subscribe to RSS feed
Gold News | Gold Investing | Scrap Gold | Buy Gold Bars and Coins | Buy & Sell Bulk Bullion | Sell Your Gold | Gold Forums
Tuesday, August 21st, 2018 - Buy Gold - Bringing you trusted gold news and gold investing information since 2006

Gold Bull Market Remains Intact: Is Cycle Low Imminent?

Analysts are talking about “gold correcting down to 1200 or even 1000”. However, I believe that the more important picture is that the gold bull market has much further to go on the upside. I’ve been reading the McClellan Market report for years. McClellan does a good deal of research on cycles, and I must say some of their cycle studies work out quite well.

McClellan has discovered that there’s a cycle low appears for gold roughly every 12.5 months. The cycle lows have run as follows: Jan 6, ‘06, Jan 8, ‘07, Jan 7, ‘08, Jan 5, ‘09, Jan. 4, ‘10, Jan. 8, ‘11. McClellan puts the next cycle bottom for gold at February 8, 2011 which means the cycle low for gold should arrive at any time between now and February 8, give or take a few weeks before or after that date.

“Interestingly, the McClellan cycle bottom for gold is due to arrive amid a good deal of professional bearishness regarding gold. Thus, many traders have traded out of their gold positions, just as we near the date for the McClellan cycle bottom.

The original article is published at http://www.c2ads.net/full-text-rss/makefulltextfeed.php?url=http://seekingalpha.com/sector/gold-precious.xml&format=rss&submit=Create+Feed


Looking for a precious metals provider that sells gold coins and bullion (including junk silver)? Click here to visit our favorite provider (FREE SHIPPING!).



© Copyright 2018, Buy Gold