I fully subscribe to the Alf Fields wave analysis on gold.
The last article written by him can be found here.
The FINAL Elliot Wave Analysis for Gold by Alf Field
In short, this is what he laid out in 2003:
Major ONE up from $256 to approximately $750 (a Fibonacci 3 times the $255 low);
Major TWO down from $750 to $500 (a serious decline of 33%);
Major THREE up from $500 to $2,500 (a Fibonacci 5 times the $500 low);
Major FOUR down from $2,500 to $2,000 (another serious decline);
Major FIVE up from $2,000 to $6,000 (also a 3 fold increase, same as ONE)
He further revised his analysis due to price action later :
Major ONE up from $256 to $1,015 (actually 4 times the $255 low);
Major TWO down from $1015 to $699, say $700 (a decline of 31%);
Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $700 low);
Major FOUR down from $3,500 to $2,500 (a 29% decline);
Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as ONE)
So...sometime within the next 1-2 years we'll hit 3500. As for timing...i'm pretty sure we're on a 17 year bull run..so 10k by 2016.
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