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Nick Laird has put together an Elliott Wave theory prediction using ‘The Golden
Mean’ & ‘Fibonacci Sequences’ to arrive at future prices for gold…which he is hopeful will serve as ‘a roadmap which gold may take as it climbs to new highs‘. See the chart below. Words: 625
So reports Jeanne d’Arc (www.screwtapefiles.blogspot.com) in edited excerpts from an article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has further edited below for length and clarity – see Editor’s Note at the bottom of the page. (This paragraph must be included in any article re-posting to avoid copyright infringement.)
d’Arc goes on to say, in part:
Nick’s comments:
The first two uplegs (blue line) generate (through the formulas) the future uplegs (red line) as the price heads to it’s peak at W5(5). The Time, Price and Percentage of each leg up & down are shown on the edge of the chart.
So having left W4(A) behind the next 16 months we are heading up to W4(B). Presumptions are that the blue line (actual gold price) will stay above the red line for the first 1/2 of the next upleg falling to below the red line for the second half of the upleg and rising steeply into the peak of W4(B) as gold likes to do.
Perhaps gold’s final top is W4(D) or W5(1) or higher and perhaps the timing doesn’t play out right but this presumably will be something close to the shape of gold’s rise over the next few years.
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Exciting stuff for gold holders. It’s not really for me to comment on whether or not I think this will or won’t happen, as all things are possible,…however, I can, I think, bring myself to point out the obvious. If $32,000 gold in 2015 were to come to pass then it would essentially accompany a devaluation of the dollar so quick, and so hard, that it would make your nose bleed.
Conclusion
In summary, according to recent Elliott Wave theory analyses gold is about to go parabolic reaching $3,495 in June 2013, $6,233 in April 2014, $10,899 in Sept. 2014, $18,712 in December 2014 and culminating in a parabolic peak price of $31,672 on January 16th, 2015! If you put any credence in the above analyses then NOW is the time to get your fair share of gold.]
*http://screwtapefiles.blogspot.com/2012/02/gold-at-32000-in-three-years.html (To access the article please copy and paste it into your browser.)
Editor’s Note: The above article has been has edited ([ ]), abridged, and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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