Talk Digital Network – Jim Goddard
01/08/16 – 2016 Crash Cycles Kicking In! Stocks Confirming early-Nov. Sell Signals & Mid-Dec. Bearish Cycle Signal. ‘Real Trouble’ Projected to Begin in late-Dec and Spread Throughout 2016. China’s Equity Index (Shanghai Composite) Collapsing – Down Over 40% Since June ‘15.
Jim asks Eric for an update on his stock market outlook now that the Indices have powerfully validated what Eric forecast to take hold immediately after mid-December 2015. Eric reiterates his outlook for an initial sharp decline into late-January and his expectations for multiple downdrafts in 2016.
Eric also updates his ongoing forecast – since 2013 – that 2016 would be The Golden Year and usher in a new bull market in Gold. Eric’s indicators triggered 3–6 month & 6–12 month buy signals – in Gold & Silver – for Dec. 14–17th… and these buy signals were reinforced on Dec. 31st. Eric has been projecting an initial rally into late-January and a larger overall advance into (at least) mid-February.
This is all part of that analysis that has been the focus since 2012 and is elaborated in previous Reports like ‘2016 – The Golden Year’… published in 2014–2015. With oil markets poised to bottom in 1Q 2016, there could be multiple factors (watch Saudi Arabia!) supporting Gold & Silver – and weighing on global equity markets – in 2016.