Financial Survival Network – Kerry Lutz
12/23/14 – Eric updates his early-2014 analysis for a Major top in Crude prices – projected for mid-2014, when multiple cycles converged – and a plummet in prices, into late-2014. That downtrend in oil prices is expected to last into late-2015/early-2016, when a major cycle low recurs.
This crash in oil prices reinforces the 40-Year Cycle of Stock-flation and other inflationary factors & cycles that convincingly took hold in late-1973–late-1974, following the Yom Kippur War, the wielding of the ‘Oil Weapon’ against the West and the collapse of Bretton Woods – ushering in the biggest surge in Gold (against the US Dollar) in a century or more.
Eric revisits his contention (since 1998/1999) that the re-emergence of the Russian Bear – expected in 2015 – will trigger the re-emergence of a stock market Bear (Bears Beget Bears), as Russian aggression will inevitably arise, as a consequence of plummeting – and economically-debilitating – oil prices. As was the case in 1998 (one 17-Year Cycle ago), the period of August–October 2015 will be a danger zone.
He also describes why he believes 2015 will resemble mid-2000–mid-2001, where the stock market initially saw several months of consolidation, followed by a sharp 2–3 month decline followed by a strong, 2–3 month rebound… until 2016 arrives and a market shock triggers the REAL bearish move.
Eric stresses his long-term outlook for Gold & Silver to bottom in mid-2015 and then begin a new bull market… projected to really take hold in 2016 – The Golden Year. He also updates his outlook for the Euro and explains why it still has more pain ahead… before an important bottom takes hold. At the very least, it is expected to spike below 1.1000/EC before a bottom becomes possible.
