Thought it would be useful on the last trading year of what has been an absolutely crazy year, to review what lies ahead, based on the fifth K wave thesis.
It appears as though the next leg up in the metals and mining sectors, has commenced, and should run well into 2018 and possibly 2019, before another mid cycle correction. 2022 seems to be the place to take some chips off the table, waiting for the 2023 mid cycle low to play out. The final blow off leg up from 2023 into 2026 peak could be epic, similar to the peak in 2011. 15 years apart. 15 year super-cycle peaks.
For those following this K wave, we have about 9 good years left in it, although 2023 could be gut wrenching. After 2026/27 peak, find a beach somewhere and let it all go, as its done until the next low in 2060. Most of us will not be around then, so leave a note for your kids and grand kids!
Meanwhile the end of month closing today for the $CDNX, indicates a break out, targeting next level of around 1600 on the index, or a double from here. Timing perhaps in mid 2019 or about 18 months. By 2026 it should be at least double that again, around 3200, at least, or possibly a new high. Lets see.
Meanwhile enjoy friends and family over the next few days. Maintain the moral high ground. Tell the truth always. And aim high for 2018. Most importantly, take responsibility, transcend the noise and enjoy the game.