50 years of suppressing silver (and gold), page-25

These cycles sure are fascinating Loki, thanks. Alan Kohler, ABC News presented an impressive chart last week suggesting an eventual stock market bottom in 2016 as well. I agree, I think we have a negative interest rate environment for a few years yet.

By the way, Dave Rosenberg (courtesy of Mike Shedlock) wrote this about interest rates last week suggesting 2015/16 as an eventual turning point for this market too:

I was at an event recently where I was able to see two legends among others Louise Yamada and Gary Shilling. Louise made the point that while secular phases in the stock market generally last between 12 and 16 years, interest rate cycles tend to be much longer anywhere from 22 to 37 years; and she has a chart back to 1790 to prove the point! So while all we ever hear is that this secular bull market in bonds is getting long in the tooth, having started in late 1981, it may not yet be over. After all, the de-leveraging part of this cycle has really only just begun and if history is any guide, it has a good 5-6 years to go at a time when practically every measure of underlying inflation is running south of 1%.

Pamela and Mary Anne Aden also suggested a gold peak in 2-3 years this week and, before then, another significant correction when the current "C" rise has run its course, perhaps to ~$US 1400 in a few months time (see charts below). This fits nicely with my own interpretations of another intermediate peak in 6-12 months time as discussed already.

Rowingboat





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