news.goldseek.com >> 1 May 2008
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news.goldseek.com >> 1 May 2008 |
Elliott Wave Gold Update 19
By: Alf Field
There is a strong probability that the correction in the gold market from the $1033 peak of 17 March 2008 is complete. This view is based on (i) the fact that the anticipated decline of 16% in this correction has been achieved and (ii) that all the minor waves required to complete the correction are now in place.
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news.goldseek.com >> 10 April 2008 |
Chaos Chronicled
By: Alf Field
Indeed, how did it happen? The onset of the world’s worst financial crisis in many decades is one of the most important factors (if not the most important factor) currently influencing investment decisions.
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news.goldseek.com >> 24 March 2008 |
Elliott Wave Gold Update 18
By: Alf Field
The $988.5 forecast in Update 17 for the peak of Large wave I was exceeded by a small margin. The gold market now appears to be in the process of working through corrective Large wave II which is estimated to decline about 16%, give or take a couple of percentage points. Concerns about an extended 5th wave have been alleviated.
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news.goldseek.com >> 17 March 2008 |
Till Debt Us Do Part
By: Alf Field
The bail out of Bear Sterns has validated all the worst fears and forecasts expressed in these newsletters over the past few years. The Fed has once again verified that it will create whatever new liquidity is required to prevent any particular crisis from developing into a deflationary debt implosion.
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news.goldseek.com >> 25 February 2008 |
Crisis Reaction
By: Alf Field
My article entitled “Into The Abyss” (published 5 January 2008) described the crisis in the financial markets as “The Mother of All Crises” or “A Perfect Storm” crisis. Subsequent events have closely followed the forecast in that article.
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news.goldseek.com >> 10 January 2008 |
Elliott Wave Gold Update 17
By: Alf Field
The recent triangle was wave 4 of wave I. It was the correction anticipated to be about 8%, give or take 1-2%. The maximum magnitude of the decline was 7.4%, precisely as required. This determines the location of wave 4. Fourth waves are often triangles. Wave 3 was a typically strong third wave, often the strongest in the sequence.
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news.goldseek.com >> 6 January 2008 |
Into The Abyss
By: Alf Field
The world is dealing with a Sub-Prime crisis, an Evaporation of Credit crisis, a Banking Solvency crisis, a US Dollar crisis and an International Monetary crisis. These roll into one to produce the “Mother of All Crises”, the “Perfect Storm” crisis.
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news.goldseek.com >> 29 October 2007 |
Point of Recognition
By: Alf Field
There is often a moment in a major market move where public perceptions of the item suddenly change and the feeling is something like: “Yup, this REALLY is a bull market!” or “Yup, this REALLY is a bear market!” This is sometime called the “Point of Recognition”.
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news.goldseek.com >> 1 October 2007 |
Elliott Wave Gold Update 16
By: Alf Field
These factors gave rise to the forecast of an “upside catapult of at least $100 without a significant correction”, which expectation has now been achieved. The starting point of wave 3 was a PM fixing of $642.1 on 27 June 2007. Last Friday, 28 September 2007, the PM fixing was $743.0, a gain, thus far, of $100.90. The only correction since wave 3 commenced was the 3.9% decline depicted in the above chart as wave ii, finishing at $657.5.
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news.goldseek.com >> 6 September 2007 |
Gear Today, Gone Tomorrow
By: Alf Field
“Gear Today, Gone Tomorrow” is an old saying in the market place, referring to the propensity for over-leveraged entities to implode. The continuing crisis in the global banking and credit markets has caused the clock to tick past midnight. What was “Today” has become “Yesterday” and what was “Tomorrow” is now “Today”.
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news.goldseek.com >> 10 July 2007 |
Gold: We Have Lift-Off!
By: Alf Field
In Gold market we finally have “Ignition” and “Lift-off”. Events over the past three weeks have created a situation where an upside price catapult of at least $100 per ounce, without a significant correction, can be anticipated.
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news.goldseek.com >> 18 June 2007 |
Elliott Wave Gold Update XIV
By: Alf Field
If the “Cash is Trash” and “Fiat currencies are headed for oblivion” arguments for holding gold and other tangible assets are correct, the least desirable asset category that one would wish to own would be long term bonds. On the other hand, if the deflationists who argue that the world is on the verge of a debt implosion leading to a deflationary depression are correct, “Cash will be King” and long term US Government bonds will be the most desirable form of investment.