Loading ...Rosen Report from 2014 on long term Market EW
Although this report is old but it covers the long term cycle wave count going back to 1930 for SPX and Dow index.
On page 12 DJIA chart shows that from 1965 to 1983 market was in trading range. Once a breakout above 1000, DJIA has been rising. May be times up now!!!!!!
So if this EW scenario plays as mentioned in this article, gold should be an inverse play. Thanks Bikoo…
I am leaning that way also. By march- April PM sector will bottom and in 2017 it will start going higher. SM may start going down along with PM and may continue on its cyclical bear trend.
Bob Hoye has been calling for PM sector to be a premium sector in post bubble contraction after 2007 . Similar to 1929 bubble burst.
That analogy to 1929 fails, because in the 1930s everything was collapsing while the dollar price of gold was maintained at a fixed rate given adherence to the gold exchange standard. So gold (and gold miners) became a safehaven as sector was protected from market impacts. So such protection exists today.
Eagle — What in Rosen’s piece leads you to that conclusion? I only looked through it quickly, but I didn’t see anything suggesting an inverse relationship.
On page 6 RR has a chart: “Gold/Silver vs. S&P 500 Index”
On page 6 RR has a chart: “Gold/Silver vs. S&P 500 Index”
Nothing definitive Pedro_Deleon; a quick, vague assessment of the included charts…