Loading ...Gold Bull Era – Explained.
I know this might not be conventianal thinking amongst gold bugs… but this is how I first divided the bull eras. Logic is… for a new bull era to be born.. the previous one has to have died… in hindsight.. we can think 2 eras were linked to create one… but when you die.. you die.. If the flames reignite the golden pheonix.. then you add a +1 counter to the era.
Rule #1 to confim death. Simple.. a +40% drop.
So If my way of seeing things picks up steam.. then hopefully it will be my legacy for the precious metals aficionados!
I know I am a pain in your ASP Patrick BUT
That drop in 2008 was not the death of the gold bull
It was the mid cycle correction
Exactly that happened in the 1970s bull
there was a 2 year drop similar in % in the mid 70s
I think we are in Gold’s 3rd Bull Era.
🙂
that was a 28% drop … below my cut off… also.. on the log chart… the 2008 correction barely shows. But you could also make a case for just 2 SUPER golden eras… 1970-1981 and 2001-still ongoing
I see your points
The above chart is why I thikn we are waiting for wave 5
170s = wave 1
1980 – 2000 = wave 2
2000s = wave 3
2011 to 2016 ? = wave 4
2016 wave 5 begins
Will wave 5 truncate ? or Extend ?
Its all semantics and perception anyhow
Yes. Agreed. Though about your input.. it’s all semantics anyhow. Can even make a case .. if you look from high enough (yearly chart maybe?) that there is only one cycle for gold. On smaller time frames.. indeed there have been many stages to gold.. and the important part is to trade in it’s direction. Making money is greater than being right.
Here is a thought for those wishing for a Ag “Bull” did anyone ever think that a dropping GSR ratio kills the proverbial Au “Bull”?
Just a crazy thought……..After the Peasants realization of a Gold Bull has occurred there is a panic into Silver because they can’t afford Gold? Could this not occur simultaneously with peak inflation? The name “Poor Man’s Gold” came from somewhere?
Bitcoin is now poor mans gold and it’s not nearly as heavy to stack
🙂
Interesting…