Disclaimer: In between trades I like to project price for entertainment purposes only. I trade purely on price action - sup/res.
After seeing a million charts I like to predict how price will act. Again I never pre-empt price action (wait - that's a lie. I sometimes do and that how I lose on trades).
Always wait for the trade to come to you. Patience is key.
I'm not in the business of calling tops, however as a TA technician, I'm inclined to take my shots based on chart analysis. The current setup in Silver maybe the most telling that a prolonged decline in equities are upon us.
Not calling for a crash, perhaps more of a gradual decline.
Silver, hard to argue a bear case. In fact, silver looks to be the real winner. Gold's momentum in the month of December 2017 is similar to early 2016 imo.
Hate to even mention bitcoin in 2018 - but the chart similarities to BTC are eerily similar to when BTC hit a low around 250s and began it's epic...
Gold price projection. This isn't particularly how it will play out for gold although I do think gold goes below 1000 in 2017.
The 50-50-90 rule: Anytime you have a 50-50 chance of getting something right, there's a 90% probability you'll get it wrong.
Short term, I think gold consolidates some of the oversold steam between 1115-1200 12/2016-3/2017 then down.
2001 Market Crash
2001-2006 Housing Bubble on easy credit
2007 Rates drop from 5.5% to 0% by 2009
2008 Housing Bubble busts - Market Crash
QE Begins 2008
QE Ends 2014
Stock Buy Back Begins
2015 Dec .25% rate hike
2016 Dec .25% rate hike