TO MY MIND WE ARE AT AN INFLEXION POINT IN THE BUSINESS CYCLE. THE CURRENT CYCLE IS MATURE AND IT LOOKS PROBABLE A CONTRACTION COULD BE ON THE WAY.
REMEMBER BAD THINGS HAPPEN IN A RECESSION; SO LONG GOLD AND SHORT US EQUITIES SEEM A REASONABLE STANCE TO ME AS EARNINGS WILL GET SQUEEZED IF THE BUSINESS CYCLE CONTINUES TO CONTRACT TOWARDS 46 / 47.