Posted is a chart of the XAU index that shows several iterations of a 3.5 year cycle low, the next iteration of which is due in April 2012. Presumably it will be a likely place to look for an important low, but one never knows till you get there whether it will be a low, high, or nothing at all. Not posted is timing analysis of the broad stock indexes (SPX) that indicate an important, multiple time-square confluence around the third week of April 2012. So, the mid to late April period should be watched carefully for potential swing trade setups in gold/silver stocks and broad indexes.
Kim Rice 11-17-11
