It needs a very good reason not to though. I love simplicity, and the more you look at these cycles, the more convincing they are. You can ignore week to week, and month to month moves. The regular heartbeat of the gold and dollar market has continued unbroken for half a century. The dollar has topped and PMs have bottomed – that’s the simple message of these charts. Give me an explanation for this cycle breaking down for the first time in many decades. One that is strong enough to overturn and break such a long run of regular highs and lows. These 4, 8 and 16 year cycles aren’t a coincidence. The market forces and political forces that create them are very powerful. Bear in mind our exponentially rising debt burdon and the need to inflate it away before we are consumed by it (which, will end up destroying the currency anyway).