2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

4:00 PM EST

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To: TobagoJack who wrote (81180)	10/10/2011 9:23:54 PM
From: bart13	Read Replies (1) of 217759

I was there and the count is legion but some of the key ones were: M3 annual growth rate had been falling since 1971 (16%) and was down to under 8% in early 1975 Total credit annual growth rate peaked at ~15% in mid 1973, was under 10% in Jan 1975 and finally bottomed in early '76 at around 5% 'Too far, too fast' (but not a bubble as the next few years showed) IMF and other CB sales The recession from 11/73 was still going and didn't end until 4/75 The Yom Kippur war was long over and things appeared much calmer in the ME The huge jump in oil prices had slowed very considerably Gasoline had stabilized at .50-.60 per gallon and there were no more gas lines President Ford had been in about 4 months and the Nixon/Watergate crud was calming The US was on the way out of Vietnam, Saigon fell in April 1975 MSM articles about how worthless gold was compared to stocks, bonds, etc. They key one to me as a trader though is that it became legal to own gold in the US on Jan. 1, 1975 - virtually the exact temp top... and as good an example of contrary opinion and excess bullish sentiment as exists.

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