Followers | 370 |
Posts | 5333 |
Boards Moderated | 1 |
Alias Born | 05/09/2013 |
![](https://investorshub.advfn.com/uicon/397801.png?cb=1464349995)
Wednesday, September 12, 2018 12:03:12 PM
If the stock market & economy stay bullish for a couple years yet or more in terms of trend, we could easily see a re-test of 1040 area lows on Gold or down toward 900-1,000 before it finally bottoms (and Silver @ 9-11 area).
This behavior with precious metal cycles has repeated itself in the past when we had long extended Bull stock markets & similar set ups with interest rate increases & $USD strength where the metals had decade or longer downtrends & actually saw the bottoms toward the end period of a long bullish stock market cycle.
It's only been 7 years since Precious metals peaked (2011) & started downward in a new Bear market. The last time we had a comparable period & circumstances like this was the 80's thru nearly 2000 & Gold/Silver saw their lowest in late 90's at the latter stage of that Bull Stock market cycle.
If the stock market & economy stay bullish for a few years yet (& many predictions are set for 5 yrs yet) or let's just assume half that at just 2-3 years yet along with a Fed that continues to increase rates at pace of inflation & with a Presidential administration that continues to have moves that turn out to be very strong for the $USD, then precious metals definitely have a good chance of dropping a couple more years yet (above excludes any major geopolitical apocalypse or catastrophe in the world, which is not very likely to happen)
***Go to my 'Profile' for more information on following me***
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM