Loading ...Biko99’s weekend viewing highly recommended! Stats on bulls after bears.
This link was originally Posted by Bikoo99 @ 6:43 am today:
WEEKEND READING / VIEWING here:
I viewed the video from Gann Global’s James Flanagan that Biko99 recommended us to see:
http://www.gannglobal.com/webinar/2016/May/MetalSynd/04-26-2016-BloodInStreets.php
I thought it was very useful indeed, especially for anyone who has not seen a good overview of bull markets following bear markets previously. So for me as a non-expert trader it was superb.
It’s only about 25 minutes and I thought it was a great presentation.
The “MOVES IN GOLD STOCKS VERSUS MOVES IN GOLD” slide is indispensable and illustrates these statistics very well.
I was interested to see how the 1986, 1992, 2000 and 2008 gold stock rallies played out and how they each had three legs up (except 1992 with 2 legs up). Basically he thinks the first leg up is done and a correction is coming (he had average of 59% of the up move in both gold and the gold stocks for the previous pullbacks).
One thing I liked was that it dealt with two gold stock up cycles that were bear market rallies (1986 and 1992) and two that were bull market rallies (2000 and 2008). Interestingly, there was not much difference between these. The 2000 and 2008 rallies were pretty similar to the 1986 one, 3 up-moves each with corrections in-between of similar magnitude.
Very interesting presentation, thank you.
In my view the 2011-16 correction was a half cycle correction (yes quite a correction) in the 30 year cycle between 2000 and 2030 with this current advance to end say 2023 before heading down into the end of the cycle around 2030.
I am therefore not convinced about the parallel between this current move and the 2001 advance.
I think it needs to get on with the bullish job much quickly and move up similar to 2009, if it is to get back on track within the 30 year cycle.
The corrections may be milder than we think.