Talk Digital Network – Jim Goddard
03/02/16 – Gold Heading to 1310 in 2Q 2016 – Where Top is Likely! Cycles Turn Back up in April and Should Propel Surge to That Target. Oil Bottom Intact; Election 2016 Could Impact Dollar.
Jim discusses interest rate policy with Eric & then asks Eric for an update on his ongoing projections for bottoms in Oil & the Canadian Dollar in Jan. 2016. Eric elaborates on that analysis and the signs that affirm a Major low developing in oil.
Eric then updates his outlook on Precious Metals and his forecast for a 3–6 month surge – in Gold & Silver – to begin 2016. He reiterates his primary (3–6 month) upside objective for Gold – at ~1310.0/GC – and explains why that should be hit in 2Q 2016… right after cycles turn back up in early-to-mid-April. With Gold recently reaching its 2–3 month/1Q 2016 objective – at1257.0/GC – some volatile consolidation is likely until mid-April.
Jim asks Eric about the US Election campaigns and what impact that might have. Eric describes the uncanny parallel between the Dollar and the prevailing administration (Democrat or Republican) and also discusses the unique role that China is poised to play in (and after) Election 2016.
For add’l analysis on Eric’s Gold & Silver outlook – including projections for a surge to 1310/GC & 18–18.50/SI in 2Q 2016 – refer to current publications and previous Reports like ‘2016 – The Golden Year’ & ’40-Year Cycle: The Golden Years’ – published in 2014–2016.