Loading ...What’s Your Worst Case Scenario (In Years/Months) Until This Gold/Silver Bear Mkt Ends?
Just for fun – keeping things simple, long term, and no black swans.
Looking at my monthly gold chart:
My BEST CASE (Area 1) = ~November 2020 (3yr 9mo)
My WORST CASE (Area 2) = late 2023 (6.5yr).
Either way, we need to bounce off that bottom trendline before anything else, probably 2 times.
Sunday night boredom…..
Interesting Perspective NickG
Some serious chopping and Flopping there
My worst case barring a 2008-9 mkt collapse in which PM’s briefly followed is your #2, I’m betting stagflation. I anticipate a breakout above the Aug ’16 highs to be sudden and sharp (like Jan-Feb ’16) but I have no idea the timing. I’m comfortably numb er… sitting.
True….gonna take a while to get out of this downtrend. Although I think $1,000 is the floor & it’s a buy the dip trade until we break loose.