For several years the Associated Press would occasionally have a column on the market outlook of institutional adviser Bob Morrow. The reason for the coverage was his amazing forecasting accuracy. His cyclical and technical analysis is based on the Fourier mathematics of 18th century mathematician Jean Baptiste Fourier. A key point is that Bob is currently forecasting a stock market decline of between 25% to 28% to occur in 2015. As we have said on this site before, our analysis almost requires a bear market in the industrial stocks to have a bull market in gold and silver stocks.

AS FOR GOLD….A SIGNIFICANT SIGNAL

Bob’s math based analysis has been accurate for gold as well. and although it is not the focus of his clients, he has also been rated at the top for gold at times. Worth noting is that Bob’s indicators had an alert buy signal for gold and silver two weeks ago. More importantly, he had a confirming buy signal for gold followed by a confirming buy signal for silver about a week ago.  When this happened in the past, it has been followed by a positive gold and silver market for a minimum of three months. If Bob is correct, that projects a positive gold market for a minimum of three months but does not necessarily have to end at three months. We will see and yes, we could be wrong.

What makes Bob’s forecast so important is that it lends support to the cyclical, technical and fundamental indicators that we use that suggest that we have been finishing the bottom since the summer of 2013.