The spot gold chart against the typical pattern of a trend reveals where we are and what we can expect in the future…
Since the trend cycle holds for all asset classes, examining the spot gold chart against the typical pattern of a trend reveals where we are and what we can expect in the future. I believe we are coming to conclusion of the second, awareness phase in this trend cycle. More specifically, we are coming to conclusion of the bear trap that began in 2011.
For those waiting for a big pull back, I can tell you that I am not waiting. Gold is cheap at these levels and availability is ample. In other words, currently I can get any gold or silver that I need to support my personal strategy to sustain my current standard of living as we go through this next crisis, as well as, get into position to take advantage of the growth opportunities that will most likely present. The longer you wait, the most likely outcome is higher fiat prices and less availability.
So what are you waiting for?