Saturday, February 16, 2013

GOLD! Will you be ready?

Gold, more than any other commodity/currency is subject to conspiracy theories.  "They are selling it down because..."   "They are accumulating it because..."  This makes sense to many, except for the timing part: When do you buy?  When do you sell?
 
As Wolfe Wave practioners know, my methodology is about price seeking equilibrium with time.  When that happens, one can expect an explosive move to the Target Line.

The up and down movements of the precious metal is only Mother Nature seeking equilibrium.  Balance!  When the price is out of balance, GOLD will explode to the upside, the Target line.

On the attached weekly chart of DGP (ETF of gold), students should be able to see a large bullish wave forming.  If a 5 point is hit (numbers not drawn) the price is likely to skyrocket to a new high.  Will you be ready?