Strong market rallies — even three - to four-year cyclical bull markets — can take place inside a longer bear market trend.

股市强势上升——甚至升个3到4年的周期性牛市——在长期大熊趋势中也是可能的。

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So, for example, in the latter stages of the current cyclical bull market, gold and other hedges against inflation got relatively cheaper as stocks continued to soar.

举个例子，在当前这个周期反弹到后半段的时候，在股市飙升的同时，黄金和其他通胀对冲保值产品会相对较为便宜。

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So, for example, in the latter stages of the current cyclical bull market, gold and other hedges against inflation got relatively cheaper as stocks continued to soar.

举个例子，在当前这个周期反弹到后半段的时候，在股市飙升的同时，黄金和其他通胀对冲保值产品会相对较为便宜。

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