Stock Market, PM Stocks Forecast 2017-2022

By: Brad Gudgeon | Mon, Jan 2, 2017
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Two weeks ago, I was looking at a possible 2330 SPX by year’s end. By December 23rd, I told my subs to expect a rally into December 27, and then a bottom near December 29th, somewhere between SPX 2238-52. The SPX closed at 2238 on the December 30th, after tagging 2233/34.

I believe we have one more sub-minuette 5th wave rally left to 2322/23 by or around January 6th and then a drop to near 1991/92 by around March 16 (there is a major Bradley due March 16th, which fits better for a low than March 21, IMO). New highs by September/October 2017 should lead a to nasty "Z Wave of Primary Wave 4" bear market in 2018. The final fifth wave could be stretched out until early 2020 giving us a possible three years left before the great reset begins.

S&P500 E-Wave Daily Chart
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The miners had a key reversal on Friday, which points to some currency issues around January 9-12 (and a higher dollar with lower PM prices). Mercury Stationary/Direct on January 8th should lead to a key reversal in the metals on the 9th, then down into January 12th.

GDX Daily Chart
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Overall, I believe the miners are coming into a major low in mid March, with the metals due in mid February. We may be in for a sideways basing period soon that should launch higher into the September/October 2017 time zone. I may be wrong, but I still believe these expected rallies will end up being nothing but bear rallies until we go below $700 an ounce gold and $9 an ounce silver. This may not occur until 2022. The expected stock market reset low may not occur until 2022, also.

 


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Brad Gudgeon

Author: Brad Gudgeon

Brad Gudgeon
BluStar Market Timer
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eaglesoveramerica.com

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to about the S&P 500 442/443 area in the next few years. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2014, BluStar Market Timer is rated #1 according to Timer Trac. http://www.blustarmarkettimer.info

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