The markets around the world are having a massive decline. We predicted on Aug 12 that it was your last chance to get out. Our near term support level is October lows. The markets everywhere have been going down in Step 3 down in this leg One down. We should soon have a step 4 up move which will be pretty strong but then it will be followed by a new low in step 5.
Only then we will have a better rally.
We have a bear market now and that will last at least 2 years no matter what the central bankers do. Eventually we will have bigger percentage decline than we experienced 2007 to 2009. You have to remember that at that time we had interest rates above 5% and Central banks could go below to 0 percentage. Right now we are near zero percentage . Where can we go from here?
Gold will rise when currencies around the world are falling apart. Oil and Gas are going lower but will also have rallies soon before falling lower again.
Only then we will have a better rally.
We have a bear market now and that will last at least 2 years no matter what the central bankers do. Eventually we will have bigger percentage decline than we experienced 2007 to 2009. You have to remember that at that time we had interest rates above 5% and Central banks could go below to 0 percentage. Right now we are near zero percentage . Where can we go from here?
Gold will rise when currencies around the world are falling apart. Oil and Gas are going lower but will also have rallies soon before falling lower again.
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