Heres a shot of gold parabolic just like the 1980 highs, and you can easily see what followed that first high @ the 850 level.

Are we going to see the same thing until 2020 or are the fundamentals different for the drive up this time?

This time we world wide expasnion, especially in China, India, and other nations buying up gold, so its more spread out than before. however, the 378 months that it took for 1976 to now is way over due for a lengthy correction. Any fibo part of 377 x38.2% = 144 months =12 years, or any other part.

Since the 2 waves are so similar, we could extrapolate time from the previous wave to see where lows might occur so we can be ready to buy.

Jay