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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.32-1.8%Nov 4 4:00 PM EST
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To: Maurice Winn who wrote (100686)5/20/2013 4:20:50 PM
From: bart132 Recommendations  Read Replies (1) of 217541
 
They said gold was done when it dropped from ~$200 to ~$100 between 1974 and August 1976, and they were as wrong as the day is long.

The bear market in gold from 1974-76 was also accompanied by a drop in CPI-U from a peak of 12.3% (year over year) in December 1974 to a low of 4.9% in December 1976.

Caveat longer term bears. Inflation is far from dead, and there was no classic blow off top in precious metals etc.

The Fed continues on the job with Treasury rate control via the Securities Lending OMO.

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