Sunday, September 12, 2010

Gold price cycles since 1800

Previous gold price cycles has normally lasted multiple decades. From the year1800, the shortest gold cycle is 10 years. The last and current bull cycle began in 2001.














Notice that global foreign exchange reserves have boomed in the last few years, reaching $8.17 trillion in April 2010. Meanwhile, the gold reserve ratio has dropped significantly since 1980.

Geir Solem
www.elliottwavetechnician.blogspot.com/
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