THIS WEEK IN MONEY – Jim Goddard
11/07/15 – Oil, XL Pipeline, OPEC, Canadian Dollar, Gold & Stock Indices, 40-Year & 17-Year Cycles; Eric & Jim discuss them all, in a follow-up to Eric’s July 2015 interview – when he discussed his expectations for 2016–2017. During his July ’15 interview, Eric also updated his 2015 projection for a sharp mid-year drop in Stock Indices, with August being the most bearish month. As he has explained all year, however, the real trouble should wait until after mid-December 2015… to begin.
Oil markets have been bearish since cycles turned negative in mid-2014 and Eric has repeatedly forecast an overall decline into late-2015/early-2016… when a Major bottom becomes more likely. That is reinforcing his analysis for accelerating deflation into late-2015, when a bottom in key commodities is likely.
Eric updates Jim on his late-2014/early-2015 projections for a sharp drop in Stock Indices – with the Capitulation Phase(when the majority of the declines would be seen) pegged for May–August 2015… exactly when the markets plummeted.
Jim also asks Eric about his take on Presidential Cycles and his outlook for interest rates in the coming years.
Eric also updates his Gold & Silver outlook, reiterating why he expected another drop into November 2015 (the time when Gold could finally reach its second, 3–5 year downside target at 1033–1045/GC). He also discusses his outlook for Grain markets (& a potential ‘Food Crisis’ in the coming years) & the Dollar (which could/should peak in 2016).
