“While the current correction hasn’t been as deep as that of the mid-’70s, the decline is already longer, and it’s the most prolonged of the current cycle. It is thus reasonable to expect gold to take two years or more to regain the $1,900 level and continue beyond. Barring a black swan event, gold will likely log its first annual loss since 2000 this year. However, it’s not all bad news, as the chart shows: gold nearly doubled in the two years from its ’76 low to its ’78 return to former highs. The message here is obvious: add to your inventory at depressed levels. And don’t worry about missing the bottom.”
http://www.caseyresearch.com/cdd/telegraphing-the-turnaround-in-gold
Related posts:
Bill Bonner: US Market Crash Alert!
Dictator for Life: The Rise of the American Imperial President
Andrew Sullivan Change Of Heart: 'Cameron Proves Greenwald Right'
Washington's cloned female warmongers
Is It Too Late for an Obama-Romney Ticket?
Bill Bonner: Debunking the Fed’s Credit Propaganda
Oliver Stone Was Right about the CIA
U.S. Government vs. DEFCAD 3D Printable Gun: You Can’t Fix Stupid
The World’s Biggest Economic Fallacies… and How to Profit From Them
Syria and the Albright Syndrome
Silver: CONFIRMED at $25
Ron Paul: Will the IRS Take Your Passport?
Bitcoin is going mainstream. Here is why cypherpunks shouldn’t worry.
Cliven Bundy-FBI debacle: Another example of why Feds need to be leashed
On To Timbuktu II