Gold Again

.

.

So, here is an interesting comparison chart, courtesy of the fine folks at Minyanville.com.  Click on the chart to go to the article if you're the type of person that likes information..

This chart shows the Gold bull market from roughly the 60's to the 1980 period (where Jackie Onassis sold hers and made a killing).  

The interesting part is that the parabolic rise into 1975 wasn't the end of the bull run.  It sold off for a year and a quarter or so, then resumed its parabolic run into 1980.  The other interesting thing is that the 2nd worst president ever, jimmy carter, was in the White House during this period.  History Rhymes eh?

Anyway, adjusted for all that mathematical stuff, inflation, dollar value, etc, gold today is no where near the level it got to in 1980, though if the pattern holds it will go into a downtrend and sell off for a year or so before picking back up.

Without further ado.

I think gold has some life in it but watch that first step.

.

.