Gold looks ripe for a fall – so get ready to buy in

Gold remains firmly in a bull market - but we could soon see a correction. Dominic Frisby explains how to tell when gold is approaching a low, and why now is often a good time of year to buy.

Since this bull market in gold began some ten years ago, the metal has repeatedly traced out a pattern. Loosely speaking, it makes a move up, which lasts some six to nine months, then consolidates at this higher level for a year to 18 months, then makes its next move up.

Gold made one such big move between summer 2007 and spring 2008, when it moved from about $660 to above $1,000. Since then we have been consolidating in the $700 to $1,000 range.

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