Jun 3, 2021
Gold/Silver Eric’s last call was for a cycle high in late May and early June. There could be some additional upside the first 2 weeks of June. Primary price objective is 1920. It has traded in $80 ranges.
Oil we’re coming into a cycle high in June. Look for a range of $56-$73.
Interest Rates July 2020 was the peak for bonds and then sold off. Now Eric is looking for a lower peak in July 2021 and then rates will go higher for the next 12-18 months, perhaps on inflation fears.
Dollar has been in a trading range for the past several years. It will bottom at around 88.50. Over the next several months. Same bottom as in 2/18. A flat correciton.
Stock Market is peaking in June. Tech stocks have been leading the charge higher. Potentially multi-month or multi-quarter peak. They’ve been following a 16 month cycle. Then it’s down from there.
Bitcoin Eric was calling for a $65k high and promptly retreated. It’s gone through 5 waves, textbook and could well retreat lower if it breaks $29k. Not a great deal of upside potential. $28 to $50k range. For the next 3-6 months for 6-12