The Gold Secular Bull - C wave data and charts

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We are currently in C wave #7 of the Gold Secular Bull Market
Each month I will update this table and accompanying chart.

This update:  July 4 ‘10

C wave
Top Date
$ Price
This C wave
Time Length
Consolidation from
Previous C top
Final Top
       Above
    200 wma
Final Top
Above
200 dma
1
Jun ‘02
$330
2 mo
-
18%
13.8%
2
Feb ‘03
$388
3.5 mo
8 mo
35%
11.6%
3
Mar ‘04
$432
8 mo
14 mo
37%
12.4%
4
Dec ‘04
$459
3 mo
8 mo
34%
12.0%
5
May ‘06
$725
11 mo
17 mo
74%
42.7%
6
Mar ‘08
$1025
6.5 mo
22.5 mo
77%
32.9%
7
(Jul+ ’10)
($1210+)
(12+ mo)
(27.5+ mo)
(39%+)
(9.7%)

A few observations:
     1.       The time of consolidation from one C wave peak to the next influences the height of the parabolic above the 200 wma (i.e. the longer the consolidation the higher the price)
     2.      The current C wave has consolidated longer than any other (27.5+ months) and has the potential to soar higher above the 200 wma than any previous C wave.
     3.      No C wave has ever concluded in the summer months – which have weak seasonality
     4.      No C wave has ever concluded in the fall months – save for Dec ‘04
5.   We are currently (at $1210) only 39% above the 200 wma and only 9.7% above the 200 dma
     6.      IF the current C wave peaks Dec ’10 at 80% above its 200 wma, price would be around $1710 ($950 wma * 1.80 = $1,710)
     7.      IF the current C wave peaks Dec ’10 at 40% above its 200 dma, price would be around $1750 ($1250 sm * 1.40 = $1750)


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