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Gold/Mining/Energy : KITCO - Gold discussion

GLD 386.87

-0.1%

Dec 3 4:00 PM EST

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From: mugwump9	6/7/2016 6:45:09 AM
	of 989

Double-click to enlarge. Measured against gold bullion, gold stocks are ending a twenty year down cycle. Many gold stocks can rise hundreds of percent and still be in a buying area for value-oriented fund managers. Also, the US central bank has indicated that there is a rough eight year business cycle in the American economy. The economy tends to peak about six months after the stock market peaks. On that note, please click here now. Double-click to enlarge. This monthly Dow chart shows a stock market and business cycle peak in 2007/2008, and a potentially similar peak in play now. Friday's report that shows a meltdown in American jobs creation is a strong indication that the economic up cycle has either ended, or is near an end. Most analysts in both the mainstream and gold communities are focused on the potential path the Fed may follow with interest rates, in response to the horrific jobs report. I think they are making a serious error. Gold is a safe haven. Institutional investors are engaging in a "risk-off" play when they buy gold. They are leaving risk markets like the stock market and the US dollar, and buying the yen and gold, which are safe havens from risk. thomson shows up safehaven.com

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