Gold moves in cycles. Medium-term investor cycles (IC's) tend to last 5-7 months on average. Each IC ends with a selling climax as the last holders are washed out, clearing the way for a new cycle to begin. Significant gains can be made if you can time the IC low and hold for the first couple of daily cycles of the new IC. This is particularly true when gold is in a bull market. After bottoming in December 2016, gold has put in a series of higher IC lows, suggesting to me that a new bull market is underway, following the corrective process that occurred between 2011 and 2016. 6 months have passed since the last IC low took place in December 2017, so it is almost time for a new IC to begin.
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