• 5 hours Will The Stock Market Really Crash If Trump Isn’t Re-Elected?
  • 8 hours For American Businesses, The Fairy Tale Is Already Over
  • 11 hours Market Mayhem Sparks Worries Of A Looming Recession
  • 13 hours Closure Of World's Most Important Waterway Could Be An Economic Disaster
  • 1 day Would You Give Up Your Privacy For A Few Bucks From Facebook?
  • 1 day The $3.2 Trillion Caspian Caper
  • 2 days The Billion-Dollar Brands Behind The Street Fashion Coup
  • 2 days Gold Miners See Massive Upside Potential As Precious Metals Climb
  • 3 days Colorado Rakes In $1 Billion In Pot Revenue
  • 3 days London Metals Exchange Bars Day Drinking On Trading Floor
  • 4 days Tax Cuts And Cheap Money Push The U.S. Budget Deficit Closer To The Edge
  • 4 days Fake “Made In Vietnam” Certificates On The Rise As China Looks To Skirt Tariffs
  • 4 days Kremlin Moves To Dump The Dollar
  • 5 days How Climate Change Could Lead To A Global Economic Crisis
  • 5 days What Happens When Beijing Is Biggest Owner Of US Debt?
  • 5 days Investors Are Betting Big On Boozeless Bars
  • 5 days Why China Won't Back Down In Trump's Trade War
  • 6 days Los Angeles Ports Are Overflowing With Inventory
  • 6 days Google Just Killed One Of Crypto’s Biggest News Sites
  • 6 days A Perfect Storm Is Brewing For Midwestern Farmers
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Brad Gudgeon

Brad Gudgeon

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Stock Market Topping, Gold Looks Lower

The stock market looks like it is making a distribution top into the FED meeting. We may see a small pull back into late week and then higher prices into the 14th. We could see a sharp drop into the 5 week cycle low due around the 19th of December. Overall, the market should be lower into March/April 2017 (Minor Wave Wave X of Intermediate Wave Z of Primary Wave 4) next year due to a FED rate hike.

I believe from top to bottom, 14% could be taken out of the market into the Spring. The recent pattern begs for a summer top and more selling into the fall of 2017 that could be a lot worse than the one in the spring. The final wave up before the BIG CRASH should take most or all of 2018 to accomplish. A lot of experts believe the crash will come sooner than that, but the wave count begs to differ (a word to the wise: start taking advantage of your financial and prepping affairs before this coming market crash hits you and your family like a ton of bricks, because it will catch the majority of Americans by complete surprise).

Gold stocks still have room to fall further. The pattern is bearish. A move down to GDX 16.50/17.00 could happen after the FED meeting along with the stock market down to 2150 SPX or so.

S&P500 Daily Chart
Larger Image

GDX 2-Hour Chart
Larger Image

 


Annual subscriptions to SPX3 or GDX 3 receive a FREE year's subscription to "Countdown" (our 'Prepper' newsletter) at www.eaglesoveramerica.com
Don't put off getting ready for the worst financial meltdown since 1929-32!
Go to www.blustarmarkettimer.info for more information
We are now on LinkedIn, Facebook, & Twitter

 

Back to homepage

Leave a comment

Leave a comment