To: ild who wrote (33139 ) 5/25/2005 1:03:59 AM From: regli Respond to I seriously doubt that Prechter predicted $450 for gold. I find his theories quite interesting but his predictions lately have simply been horrible.financialsense.com "I think the most useful way to approach this is market analysis. That is why we watch the gold and silver markets extremely carefully. So far, we have watched gold go to a new high over the past several months. Very few people have commented that silver futures actually peaked in the summer of last year. They have not confirmed the new high in gold. Usually when you get a true inflation-generated bull market, gold and silver are moving more or less together on the upside. When we see a divergence like this, we pay attention. If those highs are taken out in the silver market and gold continues past 370, 380, 390 or perhaps to 400, then I would probably concede that the monetary world is extremely worried about the integrity of the US dollar, the monetary unit itself. So far, everything has behaved exactly as it should in the classic deflationary scenario." goldnewsweekly.com "Robert Prechter’s forecast that the gold price would drop below $250 (and possibly even below $200) has caused a degree of angst amongst gold bulls. Bob has made so many astonishingly accurate calls in the past, especially relating to the stock market in the 1980’s, that one should consider his views very carefully." spiritoftruth.org.nz "The Elliott Wave stipulates, based on complex wave counts and Fibonacci numbers, that the US stock market is at present "at the crest" of the fifth wave which will be followed by a "Grand Supercycle degree bear market" which will carry the Dow Jones "to its expected target within the range of the previous Supercycle fourth wave, between 41 and 381 on the Dow". elliott-today.com "ELLIOTT today, Gold, April 8,2004:
