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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