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.