Talk Digital Network – Jim Goddard

08/03/16 – Stock Topping Formation: 2000–2001 Parallels Continue; Gold

Jim asks Eric about patterns in the markets & Eric reiterates his observation (first published in early-2015) that 2015–2016 were likely to include a 15–18 month topping formation in which Stock Indices would see opposing 2–3 month drops & 1–3 month rallies… while confined within a wide trading range.  Eric’s outlook remains that a sustained decline will not take hold until late-2016.

Eric then addresses the 32–33 Week Cycle, which he has discussed in many previous interviews.  That same cycle pinpointed the late-April/early-May 2015 & mid-Dec. 2015 downturns and warned of subsequent 1–2 month ‘Danger Periods’ – when a quick, sharp sell-off was projected.  The 32–33 Week Cycle comes back into play now – on August 1–12, 2016 – and is expected to usher in a new ‘Danger Period’, with a decline more likely from mid-August into late-Sept.

Jim asks Eric how investors should protect themselves.  They then discuss the Crude market and what it would take to take pressure off oil prices and allow for a new bull market.  They finish by discussing the upcoming US elections and some unique cycles that Eric is monitoring in 4Q 2016.