Phase II to Phase III
That’s where we are at. PM bear market separated Phase II with Phase III with a BMR. This is classic stuff. It’s been a hell of a kickoff. Defense is the game. Buy the dip Chartsmaster
That’s where we are at. PM bear market separated Phase II with Phase III with a BMR. This is classic stuff. It’s been a hell of a kickoff. Defense is the game. Buy the dip Chartsmaster
Can you possibly please clarify if we are at the start of the Phase III PM bear or the end of it? It seems too early to buy the dip if this is the start of it or am I misunderstanding your statement above?
The start… Expect the market to possibly recover into the EOY then the annihilation drive begins in 2022.. It could last 2-3 months I suppose.
Plunger has done the seminal work on Bear market Analysis
There are 3 phases
Phase III is Capitulation…My guess from Plungers work is it will be 6 months at least…and it will be brutal
That’s a good guess… I am hoping for 3-4, but the average post WWII gold bear market has been about 24 months. we are 16 months into this one so let that be a guide
Beginning of Phase 3. Big drop ahead.
I don’t think its immediately ahead, wait until next year
Starting to see some heavy selling in many individual miners with several on the brink of complete collapse…Perhaps we get a small relief rally soon, but looks like we may just jump into full panic selling mode here. How are you going to play this Plunger?
(Other sectors looking nasty too. This could get ugly)
You kidding me? Play it? Im closing the cover to my foxhole
Why not short? TLT? Mattress time? Stockpile and barricade time? Are brokerage houses and banks in trouble? Just throw me a bone. 😉
I’ve been wondering if what REALLY gets this going is a war in the Middle East. IF nuclear negotiations with Iran fail, then Israel has NO choice but to attack. And in all likelihood, Saudia Arabia and others would join in because the don’t want Iran to have the bomb either. Oil goes through the roof. Markets collapse. PM with them — especially the stocks. We all need to watch these negotiations.