6 January 2011

Excel has been driving me nuts.  This is all you get.  The main cycle indicator (TSV oscillator for the McClellan Summation Index) I use seems to have hit a top.  It can continue sideways for a while if its wants to. 

I urged my parents to invest in gold/silver and gold/silver miners in 2008.  They finally decided it was a good idea to buy USAGX.  I think this change of heart lines up quite well with my opinion that they will be consolidating or falling (maybe 20% if we're lucky) for sometime.  In my opinion, this also does not bode well for the overall equity inflation trade.

Best of luck.