Gold is the most liquid of the precious metals. Gold has rebounded Nicely since 6/27/07 from the 650 area to the 700
natural resistance. It then corrected and is about to work its way higher. when it breaks out of the 700 lid the next stop is 750. They work the 50 point ranges. There seems to be a trend of rally then a 2 month correction. I like to look at historical data for rallies in bull and bear markets. If this were a rally in a bear market the top was at 730 on the week of 5/8/06. The quick correction was to 555 on 6/12/06 which has been the bottom up to today.
So if we are still in a bear market rally that puts us over one year and 2 months long and historically the longest bear rally on record was 6 months 5 days. Therfore we are in a consolidation in a bull market.
So buy gold GLD and hold on for a long run. First stopping point is $1000 gold in the next 3 years.