By Toby Connor, Author of Gold Scents
CARPE AURUM
Just like the stock market, gold runs in cycles (all markets do because the humans that trade these markets go through periods of optimism and periods of pessimism).
For the purposes of this discussion we will concentrate on the intermediate and daily cycle, after a quick explanation of the two larger degree cycles.
At this point all one needs to know is that gold's 8 year cycle bottomed in `08 and isn't due to bottom again until 2016.
http://goldscents.blogspot.com/2010/07/whats-happening-ii.html
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