This chart is about six weeks old, but isn't likely to have changed from Want's point of view here. It's very similar to Gary Shilling's view except that Gary never mentions gold but rather the dollar. Want's dollar view also is bullish, like Shilling's. He's not a dummy about the dollar EVENTUALLY, but he doesn't see it now.. Want lives in Australia where mining and gold are crucial parts of the economy, so he's not biased against gold. But his models are not intermediate term bullish.
I don't want to be bearish on gold either, but I don't want to give back the great profits I've made in gold(s) and silver(s) the past 18 months. To be stubborn is to be foolish. Keeping CEF is a buffer or volatility damper on a diverse portfolio.
Slashing down through that incredible support group of indicators at 1260 gold last week was a meaningful sign for me.
The second chart is Tarasov's PPI long term cycle forecast for crude goods, including gold. He nailed a low for 2003 and for 2016 but his final low isn't until 2023. Obviously the effect of Bernanke/Yellen/Keynes on markets has been to extend bottoming of rates and of crude goods and topping of equities.
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