Eric:
Good morning to you.
If
I read this morning’s chart and commentary correctly, it looks like we
are now at the point where we can expect cash flow begin to leave large
cap stocks and flow into gold mining stocks for the balance of this move
into 2015, and to do so at an accelerating rate as from 1976 – 1981.
I hope that the current downtrend line drawn on the chart holds and that reversal of cash flow and relative prices begins.
For
those who have yet to invest, this is a great opportunity. For those
already invested, a little relief would be a good thing.
I
was not investing in gold stocks in 1976, but I imagine that few people
who were in 1975 were still invested in 1981 when the high happened in
gold stocks, after living through the drawdown you illustrated so well
today.
Best wishes,
Kevin
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