Like the government-backed paper money that gold bugs despise, gold is precious only so long as enough people agree that it is.
Exactly; when too many people agree that gold is precious, it’s a top. When too few agree, it’s a bottom.
Successful market analysis is rooted in irony and paradox. Our gold and silver analysis at the peak two years ago relied heavily on five arguments directly opposed to those offered everywhere else we look.
On Tuesday afternoon (April 23), Robert Prechter, a famed market technician known for calling the roaring bull market of the '80s, the 1987 crash and the March 2009 stock market low, published an urgent new issue of his Elliott Wave Theorist.
This issue is so powerful -- and so urgent -- that EWI has unlocked the first two pages for you to read with no obligation to buy.
Every issue of the Theorist provides you with a unique look at tomorrow's news today. This issue meets that high standard and more. It's one of the most powerful and revealing issues of the Theorist subscribers will ever read. Now, Prechter is not always right. Unfortunately, no market analyst is. But there's one thing his readers know for certain: When Prechter revs up his urgency, he sees something big on the horizon.
Due to the timely nature of this issue, EWI cannot make the first two pages available indefinitely, so they've set a date of May 8 to end this special promotion -- at which time the first two pages will no longer be available for free.
When in doubt, it is rare that your stockbroker will tell you to get out. We don't always agree with Bob, but we do respect his outlook. This special two-page Theorist is worth your time. Follow this link to read it now.