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1987crash

Gold - Is this a repeat of 1987?I remember back in 1987, I was so sure that the market was going to crash that I sold all my stocks, except some gold stocks, and went off to the Dominican Republic for three months. I was so sure that something bad would happen to the banking system and the markets would flood to gold as a safe haven. Back in those days, living on the beach in Cabarete, there was little news. I had only heard that the markets crashed hard in China. I jumped for joy thinking that I hit it big. When I returned, I was dismayed to learn that my gold stocks got called away in a margin call as yes, at first gold did rise but then fell. As we are in a similar scenario, 1. while one week early, I had been expecting a top here and had been moving to gold and silver. And yes, the market crashed and gold soared, until this week, when it didn't anymore. As I recalled 1987, I can look back on the data. Look at how it played out from 1987 to 2000! Oh my. In a post today on GLD, I noted that if we are in Wave 4, it might take 2 years. Geez, looking at this chart from 1987, I may not realize any gains in my gold in my lifetime. Happy Friday the 13th. Better buy some puts just in case.
FX_IDC:XAUUSDShort
by Glewis54
3
S&P500 History: 1987 and 1995 Parabolic AttemptsIn July of 1982 the S&P 500 bottomed and began its next bull market. It made a parabolic attempt in 1987 but was smashed down. Notice how orderly and well-respected the 13-year rising trendlines were. The SPX then made a 2nd parabolic attempt in 1995 but this time it was successful and lasted for 5 years. I'm sharing these analyses of previous parabolas in the S&P500 because it is extremely useful for comparison to today's 2009-2020 expansion in the SPX. The SPX at present is making a 2nd parabolic attempt and this one looks a lot more convincing. Its good to remember that bubbles can grow to unimaginable sizes and last for years. Also notice on the top chart how a rather significant decrease in the Federal Funds Rate correlates to expansions in the S&P 500 Like and Follow to see my 1900-1943 expansion -> unsustainable parabola in the S&P500 and a look at the present 2009-2020 expansion and how that relates to monetary policy and the gold and silver markets
SP:SPXLong
by Ludwig_Von_Mises
2