Financial Survival Network – Kerry Lutz
07/27/15 – Gold & Silver reaching Major support & downside price targets in perfect synch with late-July 2015 cycle low! Dollar & Stock selling should accelerate in August. China’s Shanghai Composite tests ~4100 resistance & is projected to plummet to ~3000 (40% drop).
Eric Hadik updates Kerry on his analysis (detailed in their Oct. & Dec. 2014 & March 2015 discussions) that Gold & Silver would continue lower into July 2015, at which time a multi-month low is expected. Eric elaborates on the myriad of indicators & cycles – notably, 7-Year & 11-Year Cycles – that reinforce this conclusion.
He also discusses the many misconceptions of cycles and the erroneous assumptions that lead most investors to ignore all the unique benefits of cycle analysis.
Eric then reviews the many uncanny aspects of the 17-Year Cycle – the same cycle that helped him pinpoint the stock market top in Oct. 2007 (exactly 17 years from the Oct. 1990 bottom) – and explains how it has been forecasting a sharp, initial drop in Stock Indices between late-April & late-Sept. 2015.
Corroborating that, he reiterates the longer-term cycles converging for China in 2014–2017… and what that means for global economics in mid-2015–mid-2017. China’s Shanghai Composite equity index is adhering to Eric’s analysis for 2015/2016 and just rebounded to intermediate resistance around 4100.
Eric explains why it should now plummet to 3000–3100 – a 40% drop from its mid-June peak and the downside objective for the remainder of 2015. [However, more downside is projected for 2016 – when long-term cycles converge in the Shanghai Composite.] The two danger periods are between now & late-September… and then following mid-Dec. 2015.
The Dollar – which is in the midst of a corrective period in 2Q–3Q 2015 – is expected to see renewed selling before the bull market resumes in 4Q 2015.
