Errors Specific

There are some very specific errors in the Share Lynx Gold eWave calculations, determining the high @~$31k/oz.

First off, you need a starting point for your eWave progression. Sharelynx Gold eWave has chosen a completely arbitrary starting point, leading to a massive over estimation of the outcome.

Its true that if you look at the P&F chart over the long term, that your upwaves are confirmed. Is this an arbitrary determination? Take your P&F chart from prior to the very beginning of the gold bull market in 1998, then proceed, instead of going back decades.

Sharelynx Gold eWave presumes a complete downfall of the fiat currency system. But this may be a gross exaggeration to fulfill a narrow viewpoint. No eWave numbers have been provided in the first, extended up-wave to their detriment, and they are depending on a fifth wave extension without having completed a third-wave.

http://www.sharelynx.com/chartstemp/GoldeWave.php

Take An Appropriate Starting Point

You can still come up with a precision determination based on price alone and eWave calculations, but based on the appropriate starting point.

Start with the actual low in 1999, and you get a somewhat different outcome in your eWave count, and perhaps in the calculated outcome.

supersize: http://www.flickr.com/photos/11747277@N07/6961575699/sizes/l/in/photostream/

stockcharts.com

-F6