Gold Bull Market Is Firmly Intact!

If gold closes the year 2005 above $474 (it’s currently far above that level), my system will generate another quarterly “BUY” signal for the yellow metal.

Plus, at the same time, it will also give me a YEARLY buy signal.

The implications:

A) Gold is likely to rise for a minimum of three more years, into 2008.

B) We will see $618 gold in 2006, and probably $740 — my next two targets.

C) Before the bull market is over, by 2008 we will see gold at over $1,000 an ounce.

Bold forecasts, I know. But they’re based on my tried-and-true cyclical models, which have called all the major moves in gold since the late 1970s.

This is the model that helped me forecast the high in gold in 1980 at $875 and the 20-year bear market that followed. It also caught the bottom of the bear market at the $260 level in 2001, and the move up to gold’s recent highs.

What about the recent dip in gold back to below $500? No problem. We’ve done our homework. As long as you have not overcommitted to any positions, be patient and keep the longer-term picture in focus.

20^th of December 2005