Contrarian alert. Pretcher: Gold Has Peaked

[G2Rad]

http://www.marketwatch.com/story/elliot-wave-predicts-triple-digit-dow-2010-06-17

After these Prechter calls gold moves significantly on the upside

[DMac]

Considering we just hit the new all time high this could be trouble for the big shorts!

BTW, did anyone listen to Ted Butler on King World News this week? He made the claim that the price is now officially moving more on physical demand than on COT.

[uranian]

i've seen others comment that prechter has been consistently wrong on gold, while doing well on stocks. hearsay, i say.

[Saul Mine]

Gold is heading up and this Prechter is claiming an unheard of triple top. Is that correct?

I'll bet on gold.

[kregener]

Wake me up when gold is at $15,987.52 per...

[G2Rad]

I have to admit that that was quite impressive call by Prechter in the OP.

Good call. Good timing.

I will have to eat my own irony.

I hope his views, as for the multi-month selloff will not materialize.

[gunDriller]

I have to admit that that was quite impressive call by Prechter in the OP.

Good call. Good timing.

I will have to eat my own irony.

I hope his views, as for the multi-month selloff will not materialize.

if people want to trade their metal for fiat currency, c'est la vie.

[Sparky]

I have to admit that that was quite impressive call by Prechter in the OP.

Good call. Good timing.

I will have to eat my own irony.

I hope his views, as for the multi-month selloff will not materialize.



Why don't you want a multi-month selloff? The first month of the selloff is just about over; the interim peak was on June 28th.

[G2Rad]

Fresh from Pretcher:

Friday Type Omen

Dow to 2000

http://finance.yahoo.com/tech-ticker/bob-prechter-my-charts-say-dow-may-plummet-to-2000-yftt_535437.html