Posted Dec 17, 2013 by Martin Armstrong
Gold had a chance to at least rally and clean out some shorts, but could not close above 1243. The Dow is in the same position. We may be setting up for a MAJOR protraction of these trends for the next peak in the Economic Confidence Model 8.6 Year Wave in 2024. This implies there is the danger of a Cycle Inversion. So far, it appears we have this Jan-Feb turning point showing up in many markets globally. What makes a low at that time could rally into the next ECM turning point in 2014 warning we may then turn down into 2015.75 and flip into a rally going into 2020. We simply have to monitor the Reversals and the Cycles.