Could Gold's Bear Market Be About To End?
Gary Savage | Aug 04, 2015 05:32
If the CRB Index doesn't bounce at the 2009 lows, and instead continues downward over the next few days to the 2001 lows, then I'm going to adjust my expectations. Should this happen, I'd say the 3-year cycle low is occurring now rather than later in the year.
The 8-year cycle in gold should bottom along with the CRB, so this has the potential to end gold's bear market too. And because gold is a long way from its 2001 bottom, this relative strength is signaling the sector has the most upside potential once the bottom has formed.
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