Summary
Hello and welcome to edition 53 of the Boom Bust Bulletin (BBB). PSE Co-director Akhil Patel here, stepping in as a guest editor for you this month. In this publication, I bring you insights and knowledge of how the 18.6-year Real Estate Cycle works, updates on how it’s playing out this time around, how and what could happen is informed by PSE’s research into history and similar phases o…
Key Claims
- (Claims to be extracted on detailed review)
Mex Pete References
This BBB contains 2 references to the Mex Pete / Mexican Pete pattern.
Reference 1
…But despite the hype around the spot gold price, patience was needed. One of those on the watchlist was Capricorn Metals (CMM’s stock chart displayed all the hallmarks of one of Gann’s most famous technical patterns – the breakout. It is also called a “Mexican Pete” set up 11 © Property Sharemarket Economics (named after Mexican Petroleum, an oil exploration company of the first part of the 20th century which he used as an example to illustrate this pattern). The pattern can be seen in the $CMM chart below and is another set up the fund uses for a possib…
Reference 2
…emarket Economics (named after Mexican Petroleum, an oil exploration company of the first part of the 20th century which he used as an example to illustrate this pattern). The pattern can be seen in the CMM this was taking place during the period physical gold was breaking out. This was a clear sign it was getting ready for a move upwards. It is a sign, but not a certainty. This is where patience is key. You ne…
Notable Quotes
“I’ve always said: there are two main advantages in knowing about the cycle.”
“The first (and to my mind the most important one) is knowledge: understanding how the system works and who controls it.”
”• Never chase the market; there will always be another opportunity.”
“Remember, you can always contact me via my email address darren@ propertysharemarketeconomics.”