Pundit's Perspectives – Fri 8 Jan, 2016
Let’s look at the long-term cycles in gold
The chart below produced by The Chart Store provides a great overview of the long-term cycles in gold.
I am always impressed at the consistency of these longer term cycles. As you can see, since the mid 70s the normal length of the cycle is between 394 and 444 weeks. Considering this current cycle is 373 weeks we should expect at least another 20 weeks before the final bottom is in place. While this might not sound like good news the fact is we have already lived through the largest portion of the decline. Watch for the middle to end of the year to be when gold puts in its true bottom!
REAL Gold Cycles since 1974. pic.twitter.com/HK9Sh2XIx9
— The Chart Store (@TheChartmeister) January 6, 2016