We've watched those who follow the
Elliot Wave Theory get themselves
all bollixed up over time, getting too
close to the market and seeing too
many waves; however, we have found
that markets do move in massive
five ways movements and gold we
think is doing exactly that. Wave I
took us higher; Wave II corrected;
Wave III was classic in that it had
the requisite 5 wave pattern within,
and Wave IV corrected perfectly.
We are about to embark upon Wave
V.. and that means much, much
higher gold prices lie ahead.
Reflation is the order of the new
day; and gold shall have its way.
Weakness is to be bought; strength
is not to be sold.