Gold, Silver Bear Market Forecast - Prechter on Bloomberg - March 2008

GET BOB'S FREE METALS REPORT: http://www.elliottwave.com/wave/silver-vid

As gold and silver hit new highs in mid-March 2008, investors clamored to throw their money into precious metals, seeking golden opportunities to come. But, in classic contrarian fashion, gold and silver peaked, shaving percentages off recent highs by March 19.

Just a few days before, on March 14, Robert Prechter told subscribers to his Elliott Wave Theorist that gold and silver were primed to turn, and it was time to find safety elsewhere. Just one trading day later, metals entered a protracted and "unexpected" downturn.

On March 19, Bloomberg called on Prechter to explain the situation and how it fits into the big picture of the debt crisis.

Is it an extended bear market? Prechter shares his thoughts in the FREE March 14 report, which can be yours for FREE in mere moments when you follow the link below.

GET BOB'S FREE METALS REPORT: http://www.elliottwave.com/wave/silver-vid

Category:

News & Politics

Tags:

• gold
• silver
• bear
• market
• Prechter
• Bloomberg
• high
• peak
• safety
• contrarian

[gblilleyusmc]

hehehe, I am rubbing my hands together lovin it! The less of you who understand the wave principle, the better. hahahaha.. Go play with your technical analysis and fundamental analysis. Forget about the psychological analysis while we make all the money.

[boogafish]

OK, first off Pretcher went bearish on gold before it tanked in the summer. Then he went BULLISH on gold days---just days---before it rocketed up over TEN PERCENT in a day! And since you posted this five days ago with your cynical smirk, I'm sure you missed Pretcher's call and missed out on a fortune--but don't fret, I'm going to be hiring droves of people to polish my mountains of gold. If you need some extra moonshine money let me know.

[Sempertacsil]

wow...this guy was SPOT ON when this vid got posted! I should taken his advice instead of guys like schiff or faber...when those guys were advising people to "buy the dips" when precious metals took a big hit in March. I kept getting my stop loss hit 'cause those 'dips' I bought into plunged DEEPER in 2008. I respect schiff in regards to his call regarding housing & anything related...but his gold-bull outlook is just too much..

[dakota7609]

I have a great idea...Buy land while its cheap..Because you will need a place thats payed off and away from the cities

when the real shit hits the old fan...case u good ol folks did not notice the unusual market activity ...welllll thats because it is mostley artificially controlled...UNTIL U HEAR A POP!...GET IT. Another words what good is your cash gonna do ya when there aint shit for food on the shelves in your supermarkets..ehhhh

[jdbrown371]

It's finally clear to me. When I take positions in the markets, I often wondered how anyone could take the other side and be so consistently willing to lose. It's was baffling. Now I know why. My primary tool is the wave principle. It keeps me from getting into too much trouble when I'm wrong and it makes me money consistently. Neither the Fed nor the govt can alter market trends but they fool people into thinking they can and they have the rare gift to ruin anything they get involved.

[Watthiman]

Keep rubbing your hands because the wave principle does not take into account the manipulative policies of the central banks and governments. It's a stacked deck we are all dealing with and unchartered waters lie ahead, especially with Obama as president.

[adrianaJacobs]

But Silver and gold did not bubble. Maybe the deflation is affecting their price, but this does not mean that silver and gold were inflated like the real estate and stock market. The fundamental appears like the dollars will deflate and commodities will go up. Please somebody help me to see what is really going on?

[AntiBullS]

金子和銀真實地吮球

[NoNameEntered]

In the long run, probably so, but for now, I advise you to take a look at what has been happening with gold, oil, and the dollar. Soaring dollar, collapsing oil and gold prices, collapsing home prices ... smells like deflation to me.