more downside expected, page-40

NAUF

I am sorry to say this initially I gave your chart more credit then you can guess.

I was probably lazy and did not compare it against the historical gold charts. I have realized I should not have.

I have found the gold chart is different then NCM.

Bottom in 1999 in NCM value.
Bottom in 2001 in GOLD value..

Gold bottom at 2001 was not really the bottom like 1971.

Previous Gold Cycle went 30 years 1971 to 2001,
We are in 12th years of this cycle.

The other issue I have of course SP goes UP/DOWN

You have conveniently have triangles to cover all can not say they are good for time and tips and bottoms.

Lst word I have no doubth charts are indicative and very usefull and it looks like we are in a downtrend at the moments.

But the other claims for the next 3 years It will be flat afterwards are WEIRD.

Please do not tell me GOLD/SILVER/CUPPER Demand and supply will be constant. NCM is one of the biggest suppliers in the world

All in my opinion.