yes, its early in the decline. the big day in 87 was the 19th . gann respected and kept records of anniversary dates. i have never seen evidence of a 31 yr cycle but my knowledge of history is limited. today gold spurted up at the end of the day, and so did the miners. there are have been a couple of capitulations in the last 2 months. are the miners sold out. the sentiment figures at that time showed 6dsi that is extreme. gld to me looks like a wave 4 triangle. . miners are sowing divergences w/many generals showing bottom and some jrs too. some look lower. prospect generators are an interesting concept and play. when you look at weekly and monthly charts of spx, indu, ndx they look like a straight up rocket ride since 09. i am holding onto the idea that this was wave 3 blowoff. we are in 4 here w/5 blast off to come. i am basing it on weimar. the german stock market did well until the inflation got out of hand.
so the fed w/raising rates. and trump trying to win a trade war that has never happened in history. but getting rid of nafta and the new trade agreement w/our neighbors is much better for we the people it is a much better agreement. so maybe the madness and ego has some street savvy we shall see.
the thing is how does the fed respond to the broad market, the real economy,, consumer confidence respond to the decline. does trump circumvent the fed by lowering the dollar? keeping it competitive w/the yuan? its the reaction that determines when the sleeping yellow metal wakes up. dalio said and i am paraphrasing. you dont know history if you dont own gold