Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

State of the U.S. Markets 2015 Report and Online Conference

News_Letter / Financial Markets 2015 Feb 17, 2015 - 01:01 AM GMT

By: NewsLetter

News_Letter The Market Oracle Newsletter
Jan 18th , 2015 Issue # 1 Vol. 9


About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.

 

The Market Oracle Newsletter
Jan 18th , 2015            Issue # 1 Vol. 9

Commodities Currencies Economics Housing Market Interest Rates Education Personal Finance Stocks / Financials Real Gems

State of the U.S. Markets 2015 Report and Online Conference

 Dear Investor,

As you read this, Elliott Wave International are preparing to throw open the doors to one of their most exciting events of the year. EWI's State of the U.S. Markets 2015 Online Conference begins at noon Eastern time Tuesday, Jan. 20, and runs through noon Wednesday, Jan. 28. Registration is 100% free. And what you take away includes some of the most incisive macro-level forecasting you will find for U.S. markets. Period. The insights you will discover inside will prepare you for the major moves in U.S. stocks, commodities, gold, USD and more for the entire year ahead and beyond. Plus, when you sign up early for this 100% free, online event, you will get instant access to a new video from the legendary market forecaster Robert Prechter. Please continue reading for more, or follow this link to claim your free invitation right now »

*****

Here's the scoop...

Oil has been making headlines for weeks, and many pundits have rushed to explain, in retrospect, its stunning decline in price and how it impacts other markets, including U.S. stocks.

On Jan. 12, USA Today interviewed Saudi billionaire businessman Prince Alwaleed bin Talal. His very first comment was:

“Saudi Arabia and all of the countries were caught off guard. No one anticipated it was going to happen. Anyone who says they anticipated this 50% drop (in price) is not saying the truth.” [Emphasis added.]

Only problem is, someone not only anticipated it; they put it in writing.

Our friends at Elliott Wave International called for an all-time high in oil in June 2008, six years ahead of these explanations. That was when oil was at $140 per barrel, nearly three times its price today.

In May 16, 2014, they published an oil chart (see below) with the headline "Deadly Combination." It landed at a time when no one else was talking about oil like they are today.

On the contrary, 91% of traders were actually bullish on oil at the time, and Large Speculators had their biggest long position EVER.

Yet in the summer of 2014, when oil was above $100 per barrel, EWI predicted:

"… the multi-year outlook is for much lower prices."

Here is EWI's original chart, published on May 16, 2014:

Two months later, in July 2014, EWI Founder Robert Prechter published the third edition of his New York Times bestseller, Conquer the Crash. In it, his forecast for oil could not have been clearer:

"Wave c should carry the price of oil below the 2008 low."

The 2008 low is $34.50.

As I write you this letter, oil is down 4% on the daily session and priced at $48 per barrel. Meanwhile, gas prices are dipping below $2 per gallon nationwide. Compare that to the time of Prechter's 2014 forecast, when oil was TWICE today's price -- at about $100 per barrel.

Here is the updated version of the above chart -- with today's prices.

A quick glance shows how far oil has fallen: more than 50%.

Pretty interesting, huh?

That's not even the half of it!

Prechter is, in our opinion, chief among the very, very few financial analysts who were all over this story. (And most of the others are Bob's colleagues at EWI, the world's largest financial forecasting firm, or his friends in the industry.)

But Bob and his team have a lot more to say -- on stocks, gold, interest rates, currencies, economic trends and more. And if it is even half as accurate as their forecast for oil, it will pay off right now to lean in and listen.

Which is why we are excited to invite you to join us for EWI's upcoming free event: The State of the U.S. Markets Online Conference.

EWI has just released their much-anticipated annual report for subscribers, The State of the Global Markets -- 2015 Edition. And to celebrate the months of hard work put into pulling it off, they're inviting the public to come and preview the U.S. section of it -- 100% free -- plus brand-new videos and bonus resources from EWI's top analysts.

From now until Jan. 28, you can read and watch as Prechter and his team lay out their big-picture forecasts for the U.S. markets.  Forecasts they expect to unfold over the next 12 months and beyond.

This is an incredibly valuable event -- not only because it gives away months of EWI's high-priced research for free; because it represents a full year's worth of opportunities from more than a dozen of the world's top financial analysts.

Please tune in to this event. You can bet we'll be checking in daily as new resources go online.

Click this link to claim your free invitation now.

See you inside!

Sincerely,

EWI

P.S. The event officially begins Jan. 20 and runs through Jan. 28, but if you sign up now, you'll get instant access to a great welcome video from Robert Prechter, which sets up the event nicely and shows you a little bit about the unique approach he uses to forecast major market moves like he has recently in oil, gold and other markets. Follow this link to claim your invitation and watch Prechter's video now.

 

Subscription

You're receiving this Email because you've registered with our website.

How to Subscribe

Click here to register and get our FREE Newsletter

To access the Newsletter archive this link

Forward a Message to Someone [FORWARD]

To update your preferences [PREFERENCES]

How to Unsubscribe - [UNSUBSCRIBE]

About: The Market Oracle Newsletter

The Market Oracle is a FREE Financial Markets Forecasting & Analysis Newsletter and online publication.
(c) 2005-2014 MarketOracle.co.uk (Market Oracle Ltd) - The Market Oracle asserts copyright on all articles authored by our editorial team. Any and all information provided within this newsletter is for general information purposes only and Market Oracle do not warrant the accuracy, timeliness or suitability of any information provided in this newsletter. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We recommend that independent professional advice is obtained before you make any investment or trading decisions. ( Market Oracle Ltd , Registered in England and Wales, Company no 6387055. Registered office: International House, 124 Cromwell Road, Kensington, London, SW7 4ET, UK )

Terms of Use | Privacy Policy

 

Subscription

You're receiving this Email because you've registered with our website.

How to Subscribe

Click here to register and get our FREE Newsletter

To access the Newsletter archive this link

Forward a Message to Someone [FORWARD]

To update your preferences [PREFERENCES]

How to Unsubscribe - [UNSUBSCRIBE]

About: The Market Oracle Newsletter

The Market Oracle is a FREE Financial Markets Forecasting & Analysis Newsletter and online publication.
(c) 2005-2014 MarketOracle.co.uk (Market Oracle Ltd) - The Market Oracle asserts copyright on all articles authored by our editorial team. Any and all information provided within this newsletter is for general information purposes only and Market Oracle do not warrant the accuracy, timeliness or suitability of any information provided in this newsletter. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We recommend that independent professional advice is obtained before you make any investment or trading decisions. ( Market Oracle Ltd , Registered in England and Wales, Company no 6387055. Registered office: International House, 124 Cromwell Road, Kensington, London, SW7 4ET, UK )

Terms of Use | Privacy Policy

Copyright 2015 MarketOracle.co.uk

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in