Friday, October 31, 2008

Gold in 8-Year Cycle?

Gold has 8-Year Cycle?

One source said Gold has a 8-Year Cycle:

3 years up + 5 years down = 8-Year Cycle

History of Lows: 1982, 1990, 1998, 2006 and 2014?

History of Lows: 1985, 1993, 2001 and 2009?

History of Highs: 1980, 1988, 1996, 2004 and 2012?

However, Gold has been on an uptrend for the last 7 years since 2001. Is the cycle broken? Or will Gold still bottom in 2009?

I shall wait and see. If it does bottom in 2009, then maybe time to buy?

Hmm.. I will do more research on GOLD, I sure hope to strike GOLD!

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