Marketviews – Ike Iossif
02/05/16 – Stock Indices Fulfill Analysis for Sharp Drop into late-January; Gold Fulfilling early-2016 Outlook for Initial Surge intomid-March. Second Advance Expected in 2Q 2016.
Ike asks for update on Eric’s outlook for Stock Indices to see ‘sharp decline to start 2016 from mid-December into late-January’… now that Indices have adhered very closely to that forecast. Eric elaborates on that analysis, reiterates his outlook for all of 2016, and reviews why Jan. 20th created an important low – with a ‘lot of extreme levels’ being reached.
Eric explains why another drop is expected in 2Q 2016… and emphasizes his ongoing expectation that 2015–2016 would look a lot like 2000–2001 in the DJIA, when sharp declines were quickly met with opposing rallies… and vice-versa.
Ike introduces the topic of Gold and solicits Eric’s current outlook and whether this is fulfilling his forecast for a strong surge in the first half of 2016. Eric updates his outlook for Gold and for 2016 to be The Golden Year. He explains why the initial surge should last into mid-March – to fulfill his 4-Shadow Signal – and why metals should ‘then see a bigger surge in the 2nd quarter’… and then a larger-degree pullback.
Ike then transitions to discussing commodities, to see what Eric’s outlook entails.
Eric discusses his outlook for a Major bottom in many commodities and its correlation to Food Crisis Cycles that come back into play in 2016/2017 into 2019.
The interview is completed with the topic of oil & energy markets, giving Eric the chance to reiterate his long-standing analysis that Crude would see a Major drop from mid-2014 into Dec. 2015 or Jan. 2016 – at which point a bottom would take hold. He also delves into some intriguing potential for Saudi Arabia in 2016.
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