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Listen to Mark S. Young's Interview on MarketView
190 Views · 5 Replies ( Last reply by fib_1618 )
this is just a theory of mine something i think is a possibility
i am saying there is a nine month cycle that runs thru the whole gold complex
the metals and the stocks
the gdx topped aug 12 and now seems to have bottomed may 4 possibly remains to be seen
gld bottomed around dec 17 9 months from that is sep 17 and then nine months from that is june 17
notice how gld is sensitive to the solstices and the equinoxes interesting
if i am right after the fed meeting and the equinox i believe gld will take off very strongly
and be in an up cycle for 9 months into march of 2018 after which we can expect a stronger pullback
it is just a theory but over the years i have noticed the number 9 has a strong effect of the complex
take it with a grain of salt this is def not etched in stone
69 Views · 2 Replies ( Last reply by gismeu )
I don't trade on this. But i am starting to see some contrarian signs, which are typical of intermediate term tops. We are slowly getting there. I think one more sharp rally is needed to flush out the stubborn bears.
Nobel Prize-winning economist Robert Shiller believes investors should continue to own stocks because the bull market may continue for years.
Shiller developed the "cyclically adjusted price-to-earnings ratio" (CAPE) market valuation measure, which is calculated using price divided by the index's average historical 10-year earnings, adjusted for inflation. The economist's research found future 10-year stock market returns were negatively correlated to high CAPE ratio readings on a relative basis.
However, even though the current CAPE ratio is at 29, which is above the 17 historical average, the economist is not calling for a market decline.
"I can see it as a real possibility that stocks prices and house prices would both keep going up for years, but I'm not forecasting that by any means," he added.