SMK83

SMK83

Due to our position in the Kondratjew Cycle, I believe that the start of a multi year bull market for the gold miners is imminent. We are close to the final leg down in the real interest rate which will bottom out at the end of our current K-Cycle which will coincide with a secular low in the Dow/Gold Ratio and a corresponding high with the gold price.

SMK83

This is a long term chart of the Dow Jones Industrials Index showing the 4 different Kondratieff seasons (Spring, Summer, Autumn, Winter). Spring and Autumn are secular bull markets and Summer and Winter are secular bear markets. I reckon that the Winter bear market will take stocks down to about 4000 points and Gold to about 6000 USD/oz. This would result in a...

SMK83

I believe that the Goldminers (and Gold) entered a secular bull market in 2000 right after the tech bubble burst. This event marked the beginning of the ongoing Kondratieff Winter, which is a big bull market for Gold and Goldstocks.