Will History Repeat Itself in the Gold Market?

From realinvestmentadvice.com

Mark Twain once said, “history doesn’t repeat itself, but it often rhymes.” Since President Nixon removed the gold standard in the early 1970s, gold has seen several significant rallies, all of which have similar wave characteristics. Gold rallies seem to rhyme. The first two price rallies began in 1971 and 1977, during and after the de-linking of the U.S. dollar from gold. The most recent price rally has its seeds in the dot-com bubble in the early 2000s. The chart below shows two long-term monthly gold rallies, with the second rally appearing to be an amplified but similar version of the first. I have ... (full story)