Visitors Now:
Total Visits:
Total Stories:
Profile image
By Gold Scents (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Markets Are Waiting For The Oil Cycle To Bottom

Thursday, September 20, 2012 10:50
% of readers think this story is Fact. Add your two cents.

(Before It's News)

At this point I think even the most diehard perma bear has to admit that my cycles technique has navigated the markets almost perfectly. When everyone was calling for the end of the commodity bull market this summer I correctly predicted what we were seeing was just a move down into a three year cycle low that would soon bottom and generate a tremendous surge higher.

In May and June I warned traders to watch the oil cycle as it would govern the rest of the commodity markets, and the three year cycle would bottom along with the intermediate oil cycle. 

B4INREMOTE-aHR0cDovLzQuYnAuYmxvZ3Nwb3QuY29tLy0tWHh2QjJLeUNUdy9VRnBNVk1DY1MySS9BQUFBQUFBQUR6ay9RbDhVOS16MHR4US9zMTYwMC9DUkIucG5n


I also warned at the time that the dollar’s three year cycle would likely top at about the same time as the CRB bottomed. This also has come to pass and the dollar is now set up to drift generally lower into its next three year cycle low in 2014. As I have outlined previously, this should drive the extreme inflationary scenario as commodities build into a final parabolic spike, as Bernanke’s monetary policy slowly destroys the purchasing power of our currency.

B4INREMOTE-aHR0cDovLzIuYnAuYmxvZ3Nwb3QuY29tLy0yYk1vQWhSMWxySS9VRnBPa3NRWGdiSS9BQUFBQUFBQUR6cy9mRTJnU0xQVFRPZy9zMTYwMC9kb2xsYXIrdGhyZWUreWVhcitjeWNsZS5wbmc=


When everyone was calling for a bear market in mining stocks, I pointed out the 1-2-3 reversal that was setting the stage for a major bottom and once in a lifetime buying opportunity.

B4INREMOTE-aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tLy04c0plX1NkczJBdy9VRnBMaTJ1U0hmSS9BQUFBQUFBQUR6Yy85TERTQnFSeEhtdy9zMTYwMC9IVUkrMTIzLnBuZw==


While many others were predicting $1400-$1200 gold I correctly spotted a B-Wave bottom in progress.

B4INREMOTE-aHR0cDovLzQuYnAuYmxvZ3Nwb3QuY29tLy1vY0YtZU5hTU1ycy9VRnBSSXI2NWZnSS9BQUFBQUFBQUR6MC9UUzZ6MzJnUVVXWS9zMTYwMC9CLXdhdmUrYm90dG9tLnBuZw==

Now my cycles system is signaling that all markets are again waiting for the intermediate oil cycle to bottom.

B4INREMOTE-aHR0cDovLzMuYnAuYmxvZ3Nwb3QuY29tLy1jM2o1Vi1BNmN6MC9VRnBUNW9hdmFXSS9BQUFBQUFBQUQwUS9tR0xiMDZDOG9sby9zMTYwMC9vaWwucG5n


Once it does we should see another strong leg up in the CRB, another leg higher in stocks (possibly to test the $1500 level), and probably a final surge in gold to test the all-time highs at $1900 (expect a brief move down into a daily cycle low later this month before the final surge into an intermediate top).

B4INREMOTE-aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tLy1ab01rd0Ria1puWS9VRnBUdi1oeVlRSS9BQUFBQUFBQUQwSS92TWxTNE15OTc0US9zMTYwMC9nb2xkK2ludGVybWVkaWF0ZStjeWNsZS5wbmc=


  SMT premium newsletter. $10 one week trial.



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.