Loading ...Personally, I think a bounce here will be met with a complex corrective c – wave in November (to complete a flat) … followed by something more substantial in December … and the New Year.
The rally was defined by the Gold/Silver Ratio (GSR) decline that lasted 6 months … ending a few weeks back.
Given the move looks like a crash … where the nutbars in charge are accelerating fiscal needs … and no amount of taxation would ever cover this largess … currency debasement is set to surge … so what this means is while the correction in the GSR could take a historical sector signatured three months (50%) of the time … there is likely a better than even chance it could only take a month (16%) or two (32%) to trace out … putting completion time within the year no matter.
So wave a is done … b should come soon … perhaps with heightened unrest associated with the government shutdown … and then c … perhaps associated with broader equity weakness … who knows?
Looks to me like da boyz aren’t going to let the stock market fall in any meaningful way before they get their bonuses in December.
Just a few thoughts … definitely not advice.
What the hell do I know … chuckle.