Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
With sentiment in extreme fear and yet the bond market relatively calm. It would suggest the PPT is propping up the bond markets and the bull is set to continue. That being said the cycles will start to be stretched if a recession does not arrive soon and that's one reason the government really needs to get rates to 5% ASAP at a minimum. Today with the Chinese to bypass the world reserve currency to purchase oil then one would expect gold to be flying. But its not (same as silver) both commodities are clearly being suppressed to maintain world dollar reserve value.
With sentiment in extreme fear and yet the bond market relatively calm. It would suggest the PPT is propping up the bond markets and the bull is set to continue. That being said the cycles will start to be stretched if a recession does not arrive soon and that's one reason the government really needs to get rates to 5% ASAP at a minimum. Today with the Chinese to bypass the world reserve currency to purchase oil then one would expect gold to be flying. But its not (same as silver) both commodities are clearly being suppressed to maintain world dollar reserve value.
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