Gold – Weekly 9Dec13

Gold is projecting to make new lows mid January 2014 around $1110, W-1, before moving sideways to retest $1160 around April / May.

PM Gold W 20131209

The tree is being shaken and we need a lot more bulls to fall out before the next leg of the bull market can begin off the 1973 low - quarterly wave 5.... currently still projected into mid / late 2015.

Only once everyone tells you .... gold is a bad investment..... that is when the bottom is near.

Together with a rising dollar should be a rather good investment for a few years!