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Avi Gilburt & Chris Waltzek on GoldSeek Radio – September 22, 2015

Tuesday, September 22, 2015 12:06

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(Before It's News)

by Chris Waltzek
GoldSeek Radio

Chris welcomes Avi Gilburt, from Elliott Wave Trader in his debut on the show. His team specializes in identifying the tops / bottoms of key market trends. According to his Elliott Wave count-analysis, gold could ascend beyond $25,000 and gold equities indexes by 50 fold, over the next few decades. His near-term perspective includes the precious metals sector (PMs) recording a nadir within the next 6 months, resulting in a multi-year bull market. Last week, the FOMC failed to raise rates a quarter point as indicated by policymaker speeches – it appears Fed policymakers are concerned that the economy could roll over. Investors were displeased with the decision, selling US equities last week following the Thursday decision. Avi outlines his outlook on the US equities market, noting a minimum downside target has been met, but the bottom is not yet firmly in place. Nonetheless, once the correction passes in the next month or so, his forecast suggests the remarkable 6 yearlong, equities market rally will resume. He’s watching WTIC for a retest of the lows before adding a position to the long-term portfolio.