Gold and silver: still in a bear market or in major recovery mode?

... the publication of a portfolio of gold, debt and other financial charts by Liechtenstein-based asset and wealth management advisory -- Incrementum AG -- does definitely suggest that what has happened to gold, and to silver, is more of a correction than a foretaste of more to come. ... There is another chart dealing with the latest ‘correction', and comparing it with an even deeper mid-cycle correction in the gold price in the 1970s, which preceded a new high made in June 1978. There are strong similarities which suggest that we may well now be pulling out from the low point and set for new highs. It may be recalled that Stoeferle and his colleagues are not suggesting necessarily that gold is headed for enormous short term gains. I