Gold Cycle Is Coming Back, A Warning To The Bears

Gold (GLD Etf) has a powerful cycle.

In the 2013 down swing the cycle for gold lost influence, in the last few months the cycle has come back. This means a shift in trader action, bulls are coming back to gold. If 125 is broken then this is extreme pressure for the bears and more short covering is likely to push gold higher.

The chart.

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Investing Quote...

.."It is not as important to buy as cheap as possible as it is to buy at the right time."..

Jesse Livermore


..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..

John Templeton