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Gold Price Extreme Calls

Commodities / Gold and Silver 2012 May 28, 2012 - 03:42 PM GMT

By: EWI

Commodities

Best Financial Markets Analysis ArticleGold went mostly sideways in April and remains 15% beneath its September peak at $1921.50 basis spot.

Despite it's lackluster performance over the past eight months, forecasts for ever-higher prices abound. The latest extreme call is for gold to "go parabolic" and touch "$7,000". Apparantley, 11 consecutive yearly up closes, a new record for a commidity, is not straight up enough. Our stance remains that gold has completed a five-wave rally from August 1999 at last years high.


This means that a multi-year decline is unfolding, one that will .... continues in the May issue of EWI's Financial Forecast 10 page report available for FREE.

Download this special issue for free, but fair warning: It's only available until Thursday, May 31.

Here's a quick summary of what you'll find inside:

  • Europe's debt crisis.
  • European political crisis.
  • Charts flashing danger signals.
  • What U.S. stock investors should know NOW.
  • Sentiment analysis.
  • Tech Stock signals for Apple, Google and Amazon
  • NYSE margin debt signal.
  • Facebook special.
  • And much more, including detailed Elliott wave charts and insights on gold,silver, bonds, the U.S. dollar, the economy, inflation vs. deflation and real estate

Learn More and DOWNLOAD EWI's NEW 10-page May 2012 Elliott Wave Financial Forecast here - It's FREE. (requires a valid email address).

About the Publisher, Elliott Wave International Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.


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