if we are heading for high inflation due to monetary policy, without economic growth, we should dig deeper on the $gold cycles of the 70ties.
and not, what most analysts are doing, expecting the same cycle behaviour of the 2001-2011 bull market
THE chart of the WE (2)
during the 2001-2011, we had clear +-6 month intermediate cycles. (@badcharts) showed it in a podcast 9 months ago. 3-5 monthly white candles followed by 1-3 red candles, repeating forever.
or 12-20 upweeks, 4-12 downweeks.
THE chart of the WE (3)
Now look at this. #gold trading behaviour during 1976-1980
4 years long, we NEVER exceeded 8 correction weeks.
that's massive.
don't get left behind guys😉
How to trade this #gold bull market the coming years.
(thread)
6month’s old bull, it’s KEY to look back if any assumptions into how to trade this $silver $gold bull market can be adjusted & improved, as we just have the 1st inning of a lifechanging event.
Some key takeaways. In April, I made the assumption volatility in the biggest monetary debasement since WOII would be the hardest thing to handle from a trade execution part: