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Wednesday, February 28, 2007

Major Top in Gold this Year ? - Elliott 5th Wave Peak ?

Gold and silver were caught in the downdraft of selling on the stock exchanges today but having surged from last October's lows, a respite was always looming as the price increased.

However, the subject of this article is not the short-term movement of gold but where the next major sell point will be. There are various commentaries suggesting that gold will move fairly easily into quadruple digits with some breath to spare. I agree with these analysts that gold will move into four figures and then some. The only argument is when?

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