Re: Shorting the US dollar
Gold wasn't in the middle of a huge upwards price swing in the 70s until about 1978. So when the huge upward swing started then it only lasted about 3 years. Morever, the only gold bull markets that I can find appear to be approximately 3 year periods of significant increase followed by it falling at nearly the same pace. Gold has been steadily increasing since 2001. What factors will continue to drive it higher? Maybe this will be a good lesson for me on why historical trends aren't always reliable for making investment decisions.
|