In his Elliot Wave Gold update No. 23 of 25 November 2008 Alf has predicted the following:

Major Three up from $700 to $3,500

Major Four down from $3,500 to $2,500

Major Five up from $2,500 to $10,000

However, he made a remark that you may multiply that last number by a factor x in a runaway inflationary environment.