Click the link below, Jeff Berwick interviews Bo Polny.
Hold on to your seat belts, the pause in the stock market is ending per Jeff Berwick and Bo Polny.
There were so many people predicting an impending financial crisis this fall it was hard to track them all or research all their reasoning. One however, Bo Polny, of Gold 2020 Forecast, has stood out from the crowd, in that he correctly predicted that US stocks would begin to drop in July, that there would be a major drop in August and that that the month of September would be rather uneventful—which has come to pass. Now he is saying that he expects “November to be a complete meltdown on the U.S. and world markets”.
Interestingly, he has come about his predictions completely based on mathematical formulas and cyclical analysis. And the fact that he called September/October better than Jeff Berwick.
According to TheEconomicCollapseBlog.com, Polny has had a streak of accurate predictions:
● Price of gold reaching $1900 in 2011
● China’s stock market peak in April 2015
● Hong Kong market peak on April 29 2015
● US stock market drop beginning in July 2015
● Sharp drop in the stop market in August 2015
● US stock market uneventful in September 2015
In an interview with Future Money Trends on October 17 2015, he made the following comments: “Now we are expecting the next leg down on the U.S. and world markets on the dollar. What we are forecasting now is the lows of August are all going to break. They could break in the month of October yet, but we believe they will break no problem into November. We expect November to be a complete meltdown on the U.S. and world markets.”
He also posted the following statements on his website: “If you thought the crash of August 2015 was bad; November 2015 is expected to usher in the start of the US Stock, Dollar, and Treasuries Market MELTDOWN!!! The end of this year ushers in the start of an Economic Meltdown that is to last years! The U.S. Dollar, Treasuries, and Stock Market bomb is set to blow in November 2015!” Polny is projecting that stocks could ultimately fall by as much as 70 percent by the time it is all said and done.
In any case, my senses tell me that August was just a pre-shock and that we will see things we’ve never seen before in the markets yet again at some point in the coming months.