Gold cycles and recycles and roller coasters

Posted on Mar 09, 2009 by WHC Bassetti in Letters

We have been following the GLD with the Variant 1 of Basing Points, and in fact added on to our personal position yesterday.  We've made a lot in gold and been burned a lot and the jungle drums got to beating.  We wonder whether a new down cycle is starting.  When ever uncertainty enters the picture we look to our systems to aid in decision making.  Following Variant 1 we are now in a downwave which has not yet resolved itself with the formation of a Basing Point and trend followers will be gaily giving back profits to watch the establishment of the Basing Point.  

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