SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Woodshed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: NOW who wrote (4896)4/25/2004 6:51:08 PM
From: SwampDogg  Read Replies (1) of 60924
 
There are three possible counts here that I can see:

1) Golds are finishing Intermediate Wave 4 down of Primary Wave 1 up. Stocks like GFI and KGC definitely look like they fall into this camp. These stocks are great canaries.
Any break above this consolidation on GFI and gold are a go.

2) Golds are in "A" of Primary Wave 2 down and we are finishing the "c" of that A. The big kahuna "3" up would be set for 2005 (something that PEI and Armstrong predicted in the late 1990s). This would mean a nice "B" rally over the next couple of months and then a swan dive into the fall (perhaps with the general market). This is probably my preferred count. Of course with a "B" we can set new highs.

3) The big "C" of Primary Wave 4 up in the gold bear has ended and we have begun Wave 5 down (Prechter's view). Based on the negative to neutral sentiment on the golds this one is looking more and more unlikely IMO.

As even Prechter has the Wave 1 down already done all three of these say up in the the next couple of months.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News