DXY started multi year correction, greatly benefiting PM. Strong dollar lost it's reserve currency status in many countries.
Hopefully we will see the last years high in this year and 2011 highs next year. PM will shine going forward and continue to be a strong player beyond 2018. Gold may easily handle up to 1.5% rate increase, total. FED can increase the rate but can decrease the rate also in a year or two during the recession and depression (economic cycles expected after this euphoria).
Stock market will run (SPX up to 500) till summer end or this year's end. There will be a 15-25% correction, If not, SPX will run up to 700-800 and then make the correction 15-25% and that point maybe stock market "crash" is possible. Stock market is in secular bull market at the moment as you can see very little correction if you call it correction. So large bubble is accumulating. I still have my 401K on the market till alarm bells sounds.
Do not forget that Gold needs to be 1200$ so that miners can be profitable, going and staying lower 1100, 1000,900$ are not realistic expectation for gold, who is going to buy miners that are not issuing dividend, and not profitable.... gold bull is seriously in problem, on the other hand USA depth is 20T and word economy is floating on 152T in depth. Go figure it out .....
These are the summary of annalists I'd like to read and follow. I am an engineer, PhD, who has lots of time in his hand these days , not an annalist or financial adviser.
Hopefully we will see the last years high in this year and 2011 highs next year. PM will shine going forward and continue to be a strong player beyond 2018. Gold may easily handle up to 1.5% rate increase, total. FED can increase the rate but can decrease the rate also in a year or two during the recession and depression (economic cycles expected after this euphoria).
Stock market will run (SPX up to 500) till summer end or this year's end. There will be a 15-25% correction, If not, SPX will run up to 700-800 and then make the correction 15-25% and that point maybe stock market "crash" is possible. Stock market is in secular bull market at the moment as you can see very little correction if you call it correction. So large bubble is accumulating. I still have my 401K on the market till alarm bells sounds.
Do not forget that Gold needs to be 1200$ so that miners can be profitable, going and staying lower 1100, 1000,900$ are not realistic expectation for gold, who is going to buy miners that are not issuing dividend, and not profitable.... gold bull is seriously in problem, on the other hand USA depth is 20T and word economy is floating on 152T in depth. Go figure it out .....
These are the summary of annalists I'd like to read and follow. I am an engineer, PhD, who has lots of time in his hand these days , not an annalist or financial adviser.
goodluck