And, to this end, the next rally in the market will likely tell us if a major long-term bear market has indeed begun earlier than I had expected, or if we have one more rally to be seen to new all-time highs before..
Despite a 75-basis point interest rate hike by the Fed last week and a surging U.S. dollar, there are other factors emerging that support gold. The Bank of Japan spent $19.7 billion..
The precious metals complex is in a positive risk/reward situation, but that is different from a situation imminently ready to resume a bull market. It’s a process. A long and grinding one.
We get asked questions as to whether we are headed for a depression so we look at some comparisons and differences with the 1930's and how the 90-year cycle of depressions appears to be in play.
