According to Martin Armstrong who has an historic extensive data base concerning all different types of repeating cycles, we are now in the private wave which means declining interest in public debt and increasing demand for tangible goods which precious metals is included in. Already the pm shares are speaking of higher gold prices just based on their recent behavior. According to Richrd Russell the gold bottom is in. Armstrong is handling this suspected event with, first let gold speak by taking out importand overhead resistance levels. Whenever gold is really on its way it should ride the wave of the expanding private sector push into the year 2032. The following are today's comments from Armstrong.

ANSWER:Under normal conditions that would be true. However, our problem is that we are now in a Private Wave and that means confidence will decline in government and shift to the private sector. That inverts this outcome and the eventual high in gold and private assets is more-likely-than-not going to form off(foam off?) in 2032. The private sector will then collapse and thereafter people will turn back to the state.