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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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loantech
To: Wade who wrote (45553)7/10/2013 6:21:33 PM
From: SwampDogg1 Recommendation  Read Replies (1) of 48092
 
OK in the WTF file

Armstrong

<<The simple story is PUBLIC v PRIVATE. Whatever is a public asset (money) declines in purchasing power against everything during an economic boom as investment shifts toward PRIVATE assets. The economic decline then unfold and PRIVATE assets decline as PUBLIC assets rise. This is the “flight to quality” where bonds rise and interest rates decline.>>

His chart of these cycles shows clearly that the wave into 1981 was a "public" wave which as we see above would be a low in rates. Last time I checked rates were at generational highs in 1981.
Get it together riddler

He also states

<<This is WHY when the floating exchange rate began in 1971, gold rallied into 1980 as did everything else from real estate, commodities, oil, taxes, and cars. A 911 Porsche in 1971 was about $10,000 and by 1980 it was $50,000. Everything went up – it was not gold alone.>>

The stock market was in a bear until 1982
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