The resource markets (including gold & silver) are well known for moving in cycles…Raging bull markets & crippling bear markets, repeat. The data doesn’t tell us exactly when gold & silver will enter their respective upcycles, nor how big they will be, but it does tell us this: new bull cycles are coming. Let me explain further.
The comments above and below come from an article* by Jeff Clark (caseyresearch.com) originally entitled Why Aren’t These Investors Worried About The Gold Price?
We charted the major cycles for gold and silver from 1975—when gold again became legal to own in the US—to present.
Here are gold’s cycles.
Since 1975, gold has logged 8 major price cycles. While no two are identical, our recent downcycle has been one of the longest on record. It’s also been slightly bigger than the average percentage decline.
Given the prolonged nature of the current bear market, history suggests that the current down cycle is about over. It doesn’t mean the next bull market will start tomorrow, but it does indicate that the next major cycle will be up, regardless of short-term fluctuations.
Silver also has prominent cycles.
In terms of percentage decline, silver’s recent down cycle is the second biggest on record. This is a strong indication that silver’s bottom is in and, like gold, the picture shows that the next big cycle is up.
The gains ahead could be tremendous. Preparing now for the next upcycle is key to your future wealth.
[The above article is presented by Lorimer Wilson, editor of www.munKNEE.com and has been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. This paragraph must be included in any article re-posting to avoid copyright infringement.]
*Original Source: http://www.caseyresearch.com/articles/why-arent-these-investors-worried-about-the-gold-price (© 2015 Casey Research, LLC; All rights reserved)
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I’d add that all it will take is one Geo-Political “event” and then all bets are off as far as the values of PM will be during the rest of 2015 or in 2016.
I think the odds are at lest 50-50 so the real question is not IF to own PM’s but HOW MUCH TO OWN.
Good Luck to US all.
Also posted here:
https://www.munknee.com/be-patient-gold-stocks-will-soon-go-vertical-again/#comment-157387
and
https://www.munknee.com/noonan-when-will-gold-silver-rally-not-in-2015-heres-why/#comment-157386