We’ve been connecting with Eric Hadik now since 2015. During that time his market calls in precious metals have been on the money. Earlier this year he called that gold/silver prices would be in check until the 3rd quarter of 2017. Now’s he’s calling for 2018 to be a truly golden year with prices heading much higher.
Oil is in a bottoming process and could also be heading higher in the next few years. Pessimism rules. Eric sees confirmation in the recent moves in unleaded gasoline and heating oil. Let’s see what happens next.
Stock Market The Dow Transports and Russell 2000 both peaked several months ago. They were early indicators of what’s to come. The Dow and S&P both rebounded but are just below their peak. 10 year cycles indicate a market sell-off on the way. There’s almost certainly a long term decline coming soon.
USD has been in a two year trading range and is now starting to break down. Inflation and other factors will lead to a more accelerated move. Expect a possible dead cat bounce but it has likely turned the corner and starting what could be a multi-year downturn. Fundamental events will continue their own momentum until there’s a climactic movement and then the trend will become obvious. And let’s not forget, Republican administrations have been bad for dollar for at least the past 30 years.