A 4 handle goes with a depression and I'm not sure gold or silver would hold up. Remember the 30's and how governments simply made gold illegal.
"velocity" of money is the new catch word I've been following. Wealth, or debt, destruction outpacing the trillions being injected into economies. Humongous amounts sloshing back and forth in the headlines that I doubt anyone expected. Even Nouriel seems to be playing catch-up with the downturns we continue to see.
EBAYaim, thank you for posting your thoughs... Hope that you continue. Reasons why you believe certain things are in the cards are always much appreciated.
EBAYaim, you asked for feedback, so here it is. The posts I find useful are the ones explaining the basis of their analysis (even if in most general terms like : the "Dow monthly chart tells me", but obviously the more specific the better) and specific on timing and levels.
Your post does not explain how you came to the conclusion of the general direction and how did you come up with some strange numbers of 4555 and 5555 (why not 6666 or 3333 or 4444?)