RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FinancingYeah, timing a crash is near impossible. The most obvious time for a crash is when the Fed starts raising rates, since the low rates and the Fed's bond purchases are the major drivers behind historically high stock market valuations. But everybody knows this, so therefore it probably won't happen then...
And the Fed may not even get to hiking rates. If the market throws a tantrum during the tapering, the Fed will probably reverse course to try to prevent a major correction from becoming a crash. That could be gold's chance to shine.
OTOH, mining stocks would probably not be among the worst hit in a crash, since valuations are relatively low, and they should recover more quickly than the broad market. So I have no intentions of leaving the PM market, but I'd like to adjust my positions a bit if I get the chance - I'm too heavily into a few junior miners right now - there has just been too many good buying opportunities lately... But I'm not selling at current levels, that's for sure.
Ideally, PMs will soon start reacting like they "should" to inflation, which would give me an opportunity to adjust my portfolio before the crash occurs. And I believe some sort of crash has to happen. The Fed cannot inflate the market into eternity. A reckoning has to come some day, and I think it will be in the form of a broad market crash. It may be tomorrow, or it may still be years away, but I think it will happen sooner rather than later. (Another possibility would be that the stock market stays relatively flat or slowly descends while inflation eats up its real value over time.)