Kress Cycle
I was musing about some topic that might seem pertinent to our current situation and low and behold the Grand Super Cycle popped up. How can the bitter clingers still believing in economic cycles influencing your macro economic outlook and the influences on your stock market trading decisions not want to know about this critical theory and its current status.
Well maybe Cliff Droke can step in and comment on its useful application and how a 2014 collapse came and left with barely a whimper. Maybe that’s why the SnP short at its 61.8 retrace at 1228 was the ticket we should have jumped on. I know I had some shorts entered several times and usually closed them out with a loss or made minimal returns. More than likely my significant losses in 2009 on SRS a real estate short tempered my enthusiasm for shorting this market “recovery”, and saved me from any aggressive shorts leading into the Kress cycle collapse. I chose instead to go with the gold and silver miners as my big play and like some of you found out that could be painful as well. I knew one thing for certain and said so many times that shorting this ponzi would be very difficult after living through the 2008 shorting. They pulled every dirty trick they could to prevent us peasants from making a dime in their casino. I didn’t short this pig “with both hands” at 1228.
Fortunately 2016 brought the pitiful miner positions back from the brink of extinction and even after the last year and a half of beatdown. Hell they might find some love yet…….time will tell of course as great stocks like Uber and Tesla and Netflix just burn the shit out of cash and rack up debt to the moon. Maybe you’re one of the believers that “this time its different” and compose the bulk of precious metals sentiment which is “the battle is lost” and the “cartel has won”……or what I think is even more amazing you believe that “selling your physical gold and silver and buying BitCON” is your ticket to prosperity.
To my “show me” thinking it only adds support to my view that we are only in a consolidation in the PM trade and time running out on the suppression. Notice I said “suppression”. ”They” will CONtrol the next leg up on this PM move in the near term and perhaps even into the final massive move in the metals. Before the 2016 run up several of the big players like Dalio announced they were long miners and gold just as they are again today. Stay patient. Oh…and the Kress cycle status……..do a search…..its history…..literally.
Source: http://kliguy38depression2news.blogspot.com/2018/03/kress-cycle.html
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