Could this be the next scenario for the stock market?

In his latest article "Economy: Next Down Leg to Be Longer, More Painful Than 2008",
Michael Lombardi wrote about the upcoming financial armageddon. This is because interest rates cannot go any lower than they are, and the government can’t be more broke than it is. During this next economic downturn, which is well underway, the government and Fed will have very limited ammunition to fight the weakening economy…and that’s why I believe the next down leg for the economy will be longer and more painful to consumers than the last one."

However, he noted that stocks of the gold mining companies, the juniors and the major producers, have been consolidating and forming a base from which they will make their next price assault upwards and this time, gold stocks will lead the yellow metal higher.

Well, at this juncture, I am still bullish on equities, but not just any equities. I am bullish only on gold miners and oil and gas companies. If it is indeed true that as Lombardi mentioned, between 2002 and 2010, when we had a year where the price of gold remained relatively unchanged in the first two months of the year, January and February, like we experienced in 2011, gold bullion and gold stock prices were higher in November and December of that year 100% of the time, then I would be looking forward to a “golden” Christmas this year.