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February 2019

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Gold and Silver Major Bottom This Week?

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Gold and Silver Major Bottom This Week?

Post by Dirtbikepilot on Mon May 14, 2012 11:25 pm

Normally catching a bottom is not difficult. Bottoms tend to occur
instantly while market tops form during a process. Yet, I’ve found that
bottoms of long-term significance do not occur instantly. Like tops,
they can take time to develop. For example, think about late 2008 to
early 2009. Commodities hit their price low in December but the
bottoming process began in October and wasn’t complete until May.
Emerging markets hit their low in November but the process began in
October and ended in March. Returning to the present, we see that Gold
and Silver look set to retest their late December lows. Our work leads
us to argue that the metals will successfully retest their lows and soon
emerge from what in the future will be considered a major bottom
in-line with 2008, 2005 and 2001.

Full report here: http://www.marketoracle.co.uk/Article34654.html

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