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“They say history does not repeat, but it rhymes sometimes.  Ever since gold assumed its multi-decade low in 1999 (the infamous Brown Bottom) and then, a year or two later, started its rise in a now more than a decade long bull market, there have been five prominent price spikes: May of 2001 with $288.35, on February of 2003 with $385.00, on May of 2006 with $725.75, on March of 2008 with $1,023.50, and on September of 2011 with $1,896.50....


Continue reading the Approximity piece below...




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“Expressed differently, they seem to come in pairs.  Further more, the rise within the pairs (1 to 2 and 3 to 4) was 34% and 41%, while from one pair to the next (2 to 3 and 4 to 5), if we assume that the most recent fifth spike belongs to a pair as well, it was 89% and 85%.  If we take the middle of these respective moves, and also extrapolate the times between them into the future, we could try and guess what a sixth and a seventh price spike could look like (see also chart below).  Our guess would be June of 2013 at $2,603.37 (spike 6) and January of 2015 at $4,865.73 (spike 7).  So, should you be surprised if you would see a $1,000 move in gold in the first half of 2013?  We think you shouldn't. 




The chart below shows one of the potentially most important cycles in macroeconomics.  It plots the Blue Chips of the U.S. industry (the Dow Jones Industrial Average) priced in ounces of gold.  The chart shows that when one real asset (industry) is priced in another real asset (gold), one does not get ever increasing prices, but instead major price CYCLES.  The chart implies that the amplitude of these DJIA:Gold cycles (possibly due to the increasing degree of leverage in the system) has ever grown since December 23, 1913, when the Federal Reserve Act established the second U.S. central bank, the "Federal Reserve" as we know it today.  A target of the DJIA:Gold ratio below 1:1 seems possible.




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The interviews with Gerald Celente, Dr. Stephen Leeb, Jim Sinclair, Rick Rule, Ben Davies, Andrew Maguire and Marc Faber are available now.  Also, be sure to listen to the other recent KWN interviews which included James Turk, Bill Fleckenstein, Egon von Greyerz, Felix Zulauf, Eric Sprott and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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