Maybe We Have It Wrong
Basically, this is what Harry Dent is calling for along with Dow 6,000 over the next several years. He is calling for Deflation.
Basically, this is what Harry Dent is calling for along with Dow 6,000 over the next several years. He is calling for Deflation.
I do not want us to be wrong!
I’m not at all sure about the logic behind this. It only works if you make the assumption that 2011 was THE top, and we project our triangles downwards. What if we’re going higher than $1900 in the years ahead ? You would then need to do all that trigonometry with the new top as your focal point. If you’re going to make an assumption about the GENERAL future direction, you can’t do it without some deeper understanding of the fundamentals/cycles/dollar/interest rate/real interest rate/bonds. If you do take the time to study those very carefully, the odds point very much towards a PM bull and dollar bear. That’s not to say $800 to $1000 gold isn’t possible, just that the odds are against it.
Harry Dent’s record is abysmal.
Yup, and he proved it by running his own ETF, “DENT”. Beyond bad.
Harry and Bo Polny should go out for beers. Between the 2 of them, maybe one of them will get one thing right one of these days.
this chart is as of nov 2016–is updating meeded?
I borrowed it from a 2016 poster and wouldn’t be able to update it. Gold has not gone very far from the last date on that chart. Thanks.