DB do you not think that top would come in a more parabolic form like the Nas, even taxi drivers haven't yet started advising to buy gold
The move in gold will end when the 10 year is at 20%, Japan has gone bankrupt, the Euro disapeared and oil is at +200$ a barrel. That's when you sell.
With bonds at 20%!!! I would be all-in for 30 years while waiting for the next crisis to hit. I imagine that inflation would stand a +28% or so, leaving only a thin 2% real return at the beginning.
# Three years have elapsed since the United States subprime mortgage market erupted in the summer of 2007, followed by the financial crisis in 2008 and the deepest slowdown in OECD economies in 60 years. History shows that the recovery from such crises on average takes a decade, meaning we most likely have seven more years of tepid growth, high unemployment and rising government debt, along with further debasement of fiat currencies in the developed world. # The investment implications are 1) a tectonic shift downward in bond yields, and 2) a major blowout in gold, which historically has surged 5-fold during such episodes. Thus gold at $3,000/ounce is not a pie-in-the-sky number. On the other hand, a secular decline in bond yields does not necessarily mean a corresponding decline in stock prices like that seen in Japan. To get a bear market like the one Japan has suffered through, additional policy mistakes need to be made that exacerbate the original problem, and the US is not there yet. Source TJI
And where oh where might I ask you oh mighty Lord JP, is this 4H pullback occurring? That is if it does occur, of course. why, its right at the top trendline I drew for you billionaires last week.
JP, are you kidding? Them taxi drivers are talking about gold bigtime. Almost everywhere the conversation comes up, at the gym or wherever, its Gold, Gold, gold. But what I need to get is the latest DSI sentiment numbers for gold from Jake Bernstein. I'll run into it soon unless someone already has it and is nice enough to post it. That is a truly reliable #.
JP, are you buying into this concept that if the economy crashes etc., Gold will skyrocket? Yes or No answer please. The time has come to shock some of the fellows in this thread.