The US stock market continues to struggle, and the miners look ready for a major rally. Double-click to enlarge this US stock market chart. I've highlighted the 1966-1980 period… and suggested that America is at a point much like 1966. Stock market investors were destroyed then, by inflation and skyrocketing interest rates. Double-click to enlarge. While stock market investors were waylaid, gold market investors made fortunes! Most US metals market investors know that gold performs well when the Fed cuts rates in a deflationary environment, but what many of them don't understand is this: Gold performs just as well (and the miners perform better) when rates are hiked in an inflationary environment like 1966-1980. What about the current situation? Well, this could be gold market nirvana. That's because the environment is now dominated by inflation, yet the world's central banks are not hiking rates. Double-click to enlarge. While my swing trade newsletter subscribers are already sitting on a mini mountain of profits, gained from shorting the Nasdaq at the top… This may be only the start of an inflation-driven meltdown! Gold bugs with memories of the 2008 and 2020 deflationary crashes should replace those memories with a focus on the 1966-1980 period. Prepare now, for a super-sized version of what happened then. The US government's inflation management plan is obvious; add more debt, and anyone who dares to oppose more debt needs to just "get out of the way".