As far as where we are at relative to previous periods. Maybe it does not matter, but it is
intertaining to try to figure it out. The hit in silver last week was so massive that it might
be the end of that bull market. But, maybe just a huge correction. For a run to $100/ounce.
The last time we had the end of a PM bull market (early 1980's) was at the end of a long
inflationary period. After that, a monster equities bull market and crashing interest rates.
Now, we are likely at the beginning of a big move up in interest rates. And a bull market
in equities. Have those ever gone along with each other? But it does appear that this is
exactly what will happen. However, is it possible that interest rates stay low
for a few years, during which time we have our big bull runup?
I am not trying to call anything. I only act and invest and speculate on sentiment, contrarian
stuff. I do not base investment, speculation decisions on fundamentals. Never has worked
for me. It works for other people though, but just not for me. But I like to try to figure it
out.
If oil crashes way, way down like Chief is saying it could and it sure could (sentiment says it
could and no doubt Chief's charts say so too), that by itself could push a bull market in
equities, especially larger stocks. That could more than balance out a big interest rate increase. |
