Financial Sense Insider – Cris Sheridan
10/14/15 – Stock market completes bearish cycles in late-Sept. 2015 and is on track for projected 4Q 2015 advance (described since Nov. 2014). Gold & Silver poised for an October peak and subsequent sell-off into Nov. 2015cycle lows. Dollar entering Oct. 15/16th cycle lows that should prompt sharp surge, ultimately stretching into 2016 (even as Euro is expected to plummet from Oct. 15/16th cycle high).
Eric follows up on his Oct. 2014 FSI interview that projected a sharp Dollar rally, a stock market top – and mid-2015 decline – and a projected Gold/Silver decline into July 2015. He explains why the stock market has fulfilled its bearish expectations for 2015 and will not likely see another comparable decline until 2016.
Eric also updates his intermediate expectations for Gold & Silver, which were projected to rally from late-July into mid-to-late-October and then drop back (potentially to retest the lows) into Nov. 2015. A peak is expected in the coming week(s).
He also reiterates his ongoing outlook for Crude & oil prices to see an overall decline from mid-2014 – when multi-year & multi-month cycles peaked – into Dec. 2015/Jan. 2016, when multi-year cycles bottom. Those cycles coincide with multi-year cycle lows in the Russian Ruble & Canadian Dollar – two currencies powerfully influenced by the price of oil (petro-currency).
All of this sets the stage for what is expected in 2016, detailed in previous Reports like ‘2016 – The Golden Year’.
http://www.financialsensenewshour.com/broadcast/insider/fsn2015-1021-hadik-c8n2h9z.mp3
