Investing.com investing.com 06 Jan, 2021 07:30 am

Metals Rally Early In 2021

Metals Rally Early In 2021
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Chris Vermeulen's latest article on Investing.com

Gold and Miners are showing very clear signs that the Depreciation cycle phase our researchers identified recently is strongly in place.Gold and Miners are showing very clear signs that the Depreciation cycle phase our researchers identified recently is strongly in place.This rally initiated in the midst of an Appreciation cycle phase (between late 2010 and the end of 2019).At this point, the new Depreciation cycle phase means the global markets will transition away from Appreciation phase trends and into new defensive/sector rotation trends.

If our research regarding these Appreciation/Depreciation cycle phases is correct, the new Depreciation cycle phase will usher in a period of 9+ years of very dynamic global market and sector rotation.Miners chart (where Gold is displayed as Candlesticks and Miners are displayed as the gold-colored line) highlights the last Appreciation cycle phase and how both Gold and Miners collapsed within this cycle phase.

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