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

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Bears Bloomberg Contrarian Gold High Marketing Peak Prechter Safety Silver
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  • Added: 15-Apr-08

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

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Comments on

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

15 Comments | Add Comment
  • 金子和銀真實地吮球

    金子和銀真實地吮球

    By AntiBullS [Affiliate User] 1224467225 Reply Spam Moderate Up Moderate Down
  • this deflation may ...

    this deflation may become an inflationary depression.unfortunately the elliot trend has not helped with aussie silver bullion pricing as the dollar has trended down from 96us cents in july to 65us cents so no change in the price per bar of bullion ,infact the street price is trending up here.

    By mattflowmofo [Affiliate User] 1224233028 Reply Spam Moderate Up Moderate Down
  • OK, first off ...

    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.

    By boogafish [Affiliate User] 1221875268 Reply Spam Moderate Up Moderate Down
  • HAHAH dude,,my ...

    HAHAH dude,,my father gave me gold,,he bought for 65 and ounce in 1965,,,nuff said

    By AngriestAmerican [Affiliate User] 1221449869 Reply Spam Moderate Up Moderate Down
  • It's politics ...

    It's politics time.Give it a few months and you will be very surprised.

    By sunnfun [Affiliate User] 1221444020 Reply Spam Moderate Up Moderate Down
  • In the long run, ...

    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.

    By NoNameEntered [Affiliate User] 1221439756 Reply Spam Moderate Up Moderate Down
  • Have you looked at ...

    Have you looked at oil and gold lately?

    By NoNameEntered [Affiliate User] 1221439679 Reply Spam Moderate Up Moderate Down
  • How's your gold ...

    How's your gold doing now?

    By NoNameEntered [Affiliate User] 1221439661 Reply Spam Moderate Up Moderate Down
  • hehehe, I am ...

    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.

    By gblilleyusmc [Affiliate User] 1220983095 Reply Spam Moderate Up Moderate Down
  • i am sorry but that ...

    i am sorry but that is not correct. also, after the crash he said we would be in a long term bear market and that the Dow would hit new lows. he predicted Dow 400 for the 90s. he was clearly wrong. the 87 low was the low and the 90s saw a great bull market.

    By darvas1 [Affiliate User] 1219440450 Reply Spam Moderate Up Moderate Down
  • Uh, his 87 ...

    Uh, his 87 prediction is a matter of factual record. In fact, the media, including the NYTimes, BLAMED the crash on him.

    By grimesgw [Affiliate User] 1219433039 Reply Spam Moderate Up Moderate Down
  • I like Bob Prechter ...

    I like Bob Prechter but I remember the crash of 87 very well. he did not predict it, he was surprised by it and he said that the 90s would be bad yrs for the stock mkt and the economy. he predicted dow 450.

    By darvas1 [Affiliate User] 1218149389 Reply Spam Moderate Up Moderate Down
  • I tink ill buy some ...

    I tink ill buy some more gold later.

    By freestyle4vea [Affiliate User] 1216212184 Reply Spam Moderate Up Moderate Down
  • mis information

    mis information

    By rich232399 [Affiliate User] 1215575853 Reply Spam Moderate Up Moderate Down
  • Umm okay. How do we ...

    Umm okay. How do we protect our economy while maintaining a military empire, especially since our permanent military buildup effort in the middle eastern region?

    By goread41 [Affiliate User] 1215222917 Reply Spam Moderate Up Moderate Down
15 Comments | Add Comment