Loading ...We should get something like that when all the offside generalists panic into the sector. (they have gone to sleep on PM’s after years of conditioning)
The 30 year mean of overall asset allocation in PM’s is approximately 2.5%. Right now it’s about .5%. So at some point we should see a cycle develop including the knucklehead momentum chasers at the end. This will take at least 2 years.
And if it goes big, like in 1980, where the aggregate participation rate hit 8% in PM’s … do the math.
Cheers