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.

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We told you on Wednesday Aug 18 Premarket that that was your last chance to get out of stocks. Since then we have had the largest 3 day decline in two years. The decline is not over yet. Commodities are making new lows because of deflation around the world. Chins is going down in the 3rd leg down and Asian stocks are going down with the Chinese stocks. Euro zone stocks are going down as well because they are also just printing more money. Greece problem has not been solved but it has only been pushed further into the future.

Precious metals are moving up nicely and Gold and Silver are going even higher.  Dollar has been going down in its 4th step lower but soon it will start rising again and will make a new high in the 5th step up making new highs. SPY stocks have been going up  not because the sales of the companies are going up but fake earnings are going up as the companies have been buying their own stocks to manipulate their earnings just like US government has been manipulating showing reduced unemployment rate even though real unemployment rate is more than 15%. How long they will keep on  fooling the masses?

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We have been having a short term rally from oversold conditions on Aug 12, 2015. The major decline is going to resume and it is your last chance to get out.

Oil is making new lows today again and energy stocks will continue to go lowr and precious metals will go up with declines in between. Natural Gas continues to go down and our DGAZ keeps on going up.

All indices will start going down.

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After making a low on Wednesday Aug 12, the market has been going up on a temporary basis. This rally will be over soon and then the markets will start going down again around the world.

Oil is headed toward  a low in low thirties and Gold and Silver will continue to go up as the Chinese Yuan is manipulated to go even lower against the the US dollar. Indian rupees and other currencies around Asia will also go down to keep pace with decline in Chinese Yuan. US dollar just completed the 4th step down and now is headed to new highs in step 5 up.
No matter what the Central banks do the markets are going towards October lows.

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