In this video, I show you what is in my estimation, the glamour commodity on the board at this time. The Crude Oil had its day in the sun into the July 2008 all-time high at $147.00. The bull market which began in 2001 at $17 a barrel exceeded the 1980 all-time high at $40 a barrel in 2004. At that time, our projection called for at least a doubling in price based upon the closest fit historic precedents during the great inflationary advances in 1864, 1920, 1948, 1974 and 1980. Our research is telling us that the Gold market at this time has very similar DNA to the Crude Oil market when it broke out in 2004.
In this video, I show the 36 historic bull markets starting in 1916 which advanced to new all-time highs, and what occurred during the legs up during these breakout advances. An understanding of this historic research and its implications is what provided the impetus for our long-term bullish forecast in Crude Oil – an advance which would carry price 268% higher.
In summary, the Gold is in an ideal position to “buy high and sell higher”. Much of the rationale for our thinking is contained in this video.
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Tue, Nov 24, 2009
Commodity Market, Recent Videos, forecast, gold