from Kerry Lutz's Financial Survival Network
Eric Hadik says that early 2021 should see a dollar bottom, which will hold for a year or two. Where will interest rates go? You could see over the next 6-8 months an economic recovery along with commodity inflation. Interest rates could turn up and the dollar with them. Other factors could drive the dollar and rates up along with them. Interest rates set a multi-year bottom in 2020. Oil prices will peak at $60-65 around April/May. This summer for the first time we didn’t see gasoline prices go higher. Now we’re seeing gasoline prices go higher in the winter, another first. Could get back in sync later this year.
Stock markets to go higher, we’re still in a bullish cycle. March was a major bottom that led to the current bull market till at least May. Right now we’re in a more volatile sideways trading phase or trading range. Once we get to March the next upturn starts. More optimism throughout the world could lead to it. Traders need to remember that the markets are anticipating 3-6 months in advance. An additional surge will bring us later in the year.
For Gold prices nothing has changed in Eric’s projection since 2016. 2nd quarter of 2021 could see a similar high in metals as well as the stock market. The two go hand-in-hand. There could be a disconnect. Price action in the next 3-5 weeks will confirm the projection. At some point it could cause the stock market to go down, the inflationary expectations start affecting it.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/36EiS0v
