Gold is the Worst Strategy of 2013

[stuper1]

Does that mean it's a good time to buy gold?

[portart]

Dollar’s Top, Commodity’s Bottom Approaching copied from Kitco by Toby Connor
Wednesday March 06, 2013 09:40

While I suspect this is probably the furthest thing from what most investors expect, I think the dollar index is very close to forming another major top, and once it does it should release oil, gold and the rest of the commodity index from their extended corrections. Granted no one believed me when I called the major three year cycle low in the CRB last summer either.
 
As you can see in the next chart, as soon as the dollar began to rally out of its last intermediate bottom, commodities, including oil and gold, all began to move down into major intermediate degree declines. For gold this has turned out to be one of the most difficult yearly cycle lows of the entire bull market, other than the eight year cycle low in 2008.

Do you buy this?

[Libertarian666]

A "strategy" should be for a longer period than 2 months.
Let's see that graphic for the past 10 years, shall we? :-)

[portart]

Trying to time gold is not an easy trick. It has gone up every year for years and is holding a firm major support and waiting to move one way or another. This means the market is not convinced that stocks are in the clear or gold would be be back at 1200 or lower. Another major move up in gold is possible if something not now known or visible appears without warning.  Gold is also off it's highs by decent amount so if it doesn't move down more, your sitting an waiting well off the highs, not that it can't go lower as any market can. How much do you believe in the Fed keeping the gears moving forward with stocks and paper money? They have done a great job in bringing the market back but if it's constructed with paper and glue, we could be in for another hard fall. Right now, things are looking up with housing going back up, job numbers getting better and the US is more competitive in manufacturing. Growth is slow though with so many more people in the country fighting for less and less jobs. I don't see how they keep spending. The middle class is getting smaller as the divergence between upper and lower expands. We know who is doing all the spending in the economy now but with the tax man coming down harder on the middle upper class and business getting crushed by Obama care, the numbers can change at any time. It would seem that holding gold is a good strategy and you can sleep at night knowing all your bases will be covered.