Star’s post of the 8 year cycle made me go back and review my own 8 year cycle chart. I created this over a year ago and have posted it a few times since then. I haven’t touched or tweaked it since it was first created – in other words I did not tweak it so that the end of the latest down cycle coincided with the Dec 16 low – they matched up all by themselves.

I have been expecting lower prices ahead in the PM sector for some time, but this chart gives me pause. I wonder if we will get another cycle like the ’93 bottom where there was a short rally and then gold went nowhere for the next 2-3 years. Hmmm…