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What I would like to do on this report is look at the price of gold over the long term, intermediate- and short-term environment and some possible harmonic alignments.
Here we are looking at the price of gold on the 30-year chart and you can see that going back to 1992, gold was trading roughly between $200 and $400 until about 2001 or so, which was essentially the bottom of the market. Gold traded between $300 and $400 between 2000 and 2002 until the market exploded into the highs that we saw by September 2011