ajtj99's Market Pulse

[ItsAllCyclical]

There's little comparison between the recent top in the S&P and gold's (double) top if you want to call it that. But I'm not going to try to convince you. You seem pretty determined.

Gold could still selloff and hit your lower target or even lower IT, but it would take a big time deflation and I don't think the Fed or other CBs will let that happen ST so quickly. LT they probably don't have much choice. So I do expect gold to take a big hit at some pt prior to going parabolic.

I'm not expecting a repeat of '79, but I do think gold will go parabolic at some pt during this move 2, 5 or 10 years from now. How long this move last depends on a lot of factors not just the Fed.