David Mac
Guest
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 Posted:
Fri Sep 30, 2005 12:02 am Post subject:
Decade-Long Bull Market in Gold & Silver Markets Resume; aft |
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Precious Metals markets in this decade, are beginning to more closely mirror
the bull market in gold & silver, back in the decade of the 1970's.
Half-way thru the 1970's, from Jan 1975 to Aug 1976, there was an 18-month
correction of the bull market which had previously began in 1971 -- with the
closing of the "Nixon gold window". (See the historical mining stock
charts.) In Jan 1975 gold ownership was once again 'legalized' for U.S.
citizens by the U.S. Congress. Now we have a similar time-line comparison:
gold & silver markets have recently completed a similar 18-month
correction-period, basis these metals highs of approximately 18 months ago.
This decade's bull market in Gold and Silver began 2001, a parallel to 1971.
After a similar 18 month correction period, we are now in the early stages
of a resumption of this on-going, decade-long, bull market in precious
metals; just as in Aug 1976 when gold & silver resumed their 1970's bull
market decade, with almost 5 years still to go -- follwoing their 18 mo.
correction that ended in Aug 1976. Today, a preponderance evidence, both
technical and fundamental, points to the current bull market in gold and
silver with at least another 4 to 5 years to go; again in parallel to the
pattern of the 1970's. In the 1970's gold -- from its lows to its highs --
appreciated about 20 fold in that decade: from approx $40.00/oz. (in London
& European trading) soon after Nixon closed the gold window, to approx.
$800/oz. early in 1980. My research, and the research of those I respect,
makes me confident that we will agin see at least a 20-fold increase in gold
prices, within a ten-year period of this decade. So, conservatively taking
the 1999 bottom of approx. $250/oz.; gold at a 20-fold increase before the
end of this decade would mean $5,000/oz.; and I sincerely believe that
almost all evidents supports this target-price; I sincerely believe that we
are headed at least that high. If my conclusions are 'on-target' we are
thus -- still in the early stages of this decades long-term bull market in
precious metals. Long-term investors are wise to initiate or add to,
selected mining stocks, gold funds, and coin/bullion holdings. For
short-term traders suited to the high risk of option trading, this is an
excellent time to consider positions in 3-mo. to 9-mo. Call Options inGold &
Silver futures. Sincerely, David Mac goldcall2002@yahoo.com
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nyMexTrader
Guest
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| Posted:
Sun Oct 02, 2005 10:46 pm Post subject:
Re: Decade-Long Bull Market in Gold & Silver Markets Resume; |
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David Mac wrote:
| Quote: | Precious Metals markets in this decade, are beginning to more closely mirror
the bull market in gold & silver, back in the decade of the 1970's.
Half-way thru the 1970's, from Jan 1975 to Aug 1976, there was an 18-month
correction of the bull market which had previously began in 1971 -- with the
closing of the "Nixon gold window". (See the historical mining stock
charts.) In Jan 1975 gold ownership was once again 'legalized' for U.S.
citizens by the U.S. Congress. Now we have a similar time-line comparison:
gold & silver markets have recently completed a similar 18-month
correction-period, basis these metals highs of approximately 18 months ago.
This decade's bull market in Gold and Silver began 2001, a parallel to 1971.
After a similar 18 month correction period, we are now in the early stages
of a resumption of this on-going, decade-long, bull market in precious
metals; just as in Aug 1976 when gold & silver resumed their 1970's bull
market decade, with almost 5 years still to go -- follwoing their 18 mo.
correction that ended in Aug 1976. Today, a preponderance evidence, both
technical and fundamental, points to the current bull market in gold and
silver with at least another 4 to 5 years to go; again in parallel to the
pattern of the 1970's. In the 1970's gold -- from its lows to its highs --
appreciated about 20 fold in that decade: from approx $40.00/oz. (in London
& European trading) soon after Nixon closed the gold window, to approx.
$800/oz. early in 1980. My research, and the research of those I respect,
makes me confident that we will agin see at least a 20-fold increase in gold
prices, within a ten-year period of this decade. So, conservatively taking
the 1999 bottom of approx. $250/oz.; gold at a 20-fold increase before the
end of this decade would mean $5,000/oz.; and I sincerely believe that
almost all evidents supports this target-price; I sincerely believe that we
are headed at least that high. If my conclusions are 'on-target' we are
thus -- still in the early stages of this decades long-term bull market in
precious metals. Long-term investors are wise to initiate or add to,
selected mining stocks, gold funds, and coin/bullion holdings. For
short-term traders suited to the high risk of option trading, this is an
excellent time to consider positions in 3-mo. to 9-mo. Call Options inGold &
Silver futures. Sincerely, David Mac goldcall2002@yahoo.com
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Even if you are correct, buying NYMEX options naked are the foolish
thing you could ever do. The premiums are unfairly high at all strikes.
Almost all the long time players known that and it isn't a secret anymore.
Best way to trade them are short or bear spread. The later mention allow
you to wait for the decade on time x intrinsic value even if you got in
at an unfair low price. |
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