Saturday, September 15, 2007

Tis the season

Since the commodity bull started the period between July and Dec. has been very good for PM. Last year was the only year that didn't have big gains and it was still flat. The average gain has been 12.5% for any year gold has been up during this bull market. After the flat year last year and the size of the consolidation I suspect this year will be up much more than 12.5%. The max year was 05 at 20.4%. 05 was also a year following a large consolidation. Since this consolidation has been larger than the 05 consolidation I would expect at least as large of a rally as 05 and probably even larger. 20.4% would put gold at $795 BTW.