I do agree on Gold! This market is the domain of the bears. The elliott wave forecast of Gold indicates a big and fast decline.

Basically, he is predicting - based upon “the behavior of certain charts” - that there will be imminent massive deflation lasting for a few years, and that the dollar will be the only stalwart.

That may be the way he reads the charts but I don’t understand that. First of all he makes no distinction between assets and liabilities, implying that both (including gold) will decrease in value relative to the dollar. He also does not mention the massive increase in currency of all types. He does say, however, that the dollar will increase in value because most of the debt in the world is denominated in dollars. Huh?

Here is my take: There will soon be both currency price inflation of hard assets (like gold), and some commodities depending upon demand, and currency price deflation of debt (like bonds). Rampant defaults on debt will lower bond prices, and interest rates will correspondingly rise because of the inflation caused by the increased liquidity. So, if one holds dollars like he suggests high-interest bearing bonds will be cheap but commodities and natural resources will be expensive. On the other hand, if one owns gold your buying power will be maintained and possibly enhanced. Gold is the best money and the ultimate store of value. I can’t imagine dollars being the best thing to own if/when TSHTF.

It will only get down to $640-614 by Jan 2011/April 2011. $320 bottom is long gone….

Once at $640…Headlines should read some BS about gold and the gurus will come up with some more BS, the same gurus who are telling you to buy the stuff now…

Remember, If somebody gets up to go to a job 9-5 on Bay, Wall and Fleet street HE IS NO DIFFERENT THAN A BEGGAR when it comes to trading, for he RISKS not ANY OF HIS OWN money but does PARTY with YOURS while you go to the poor house.

Pity, most people come back for more and by asking their advice again!!!…Aahhh….stupid people, too many educated brains, but NO WISDOM from the AGES.

TRANSLATION:

FEAR…..is holding you back in finding success in all walks of your life, fear of failure. Fear not for I am here….persevere in spite of all odds, for FEAR should not rule YOU, for if it does THEN THE DEVIL/SNAKE HAS GOT YOU. Never give up or YOU LOSE. I will not FORSAKE YOU, so do not give up. For if you heart is good and your desires sincere and the riches are for good deeds, it will be done, for I am the REbel Jesus. ” So it is written so shall it be done.”

YOu are broke, tired, and weak of spirit? Why? Who have you been listening to all these years for your advice….the devil/snake. The snake rules all over for now…..You listen to him and lose ALL YOUR MONEY.

I have given you commodities and charts, things made from the earth, coffee, wheat, gold, paper….Study your charts as you study true sources and you will have riches beyond this earth. Fear not me Jesus the rebel…but Fear SAtan the snake who YOU are listening to everday from the Whitehouse to Wall Street to the Government…..these are the snake(s). For what all they tell YOU IS A LIE…THEY ARE NO CHOSEN PEOPLE TILL I RETURN.

” Trust in the REbel Jesus.” Your enemy is not from the outside but from within….who you think is your friend is your enemy and your enemy your friend…the snake is deceptive….and in the middle safe…pitting you vs them.

Pitting your mind vs you intuition. Example: I’m going short the ES. Then your mind and your eyes read the Whitney and GS (HOLdEM Saks) has put out a report that the ES will go to 1300 by summer…..your mind is following the snake….so you flip and do nothing, ONLY to see the ES at 550 BY NOV 2010. 1300 NEVER CAME…the snake got YOU…sucker.

Now go and trade and Fear not.

The Mayans, Pyramids etc. were done with such precision when there was no engineering schools?

HOw is this….superhuman knowledge by listening to a superhuman being.

“Nothing is new under the Sun.” What has been before will be again.

” The sheep must be slaughtered before the feast can begin.” Translation, Sell high buy low, buy low sell high and you want be the sheep…like all the rest.

“Beware of the snake as in the garden of Eden.” The snake is why YOU lose money because you are listening to him and his discples all the time.

“Do not be deceived by holy men who proclaim they are following the propehts.” Translation, why do you listen to gurus and experts, economists for financial advice. They get up to go to a job every day 9-5 and you listen to their BS. They know nothing.

“The sun rises in the east and sets in the west.” Translation, there are high prices and low prices. What is high and low you only know from the charts and by trading ( once you have lost your money on trades).

” Leave all your riches and come and follow me.” translation, For what you have learned in school, University, college, pschologists/freud bs, with all your titles and still you are an idiot about life, health, wealth, trading, marriage…. and can’t make money from the markets. Come and read my book…its all there, follow me.

“Promise, Problem, Provision.” Translation, My promise to you is protect you and shower you with blessings, but How am I to know you will be a true warrior…a REBEL LIKE ME…JESUS, if I do not give you problem(s), to see if you are a wimp or a winner…a true fighter for the struggles in ALL WALKS OF LIFE before YOU get the PROVISION.

Cont’d

You are the best forecaster there is ( extremely humble mate) although, I would give you a good challenge for it.

My posts going back 6 months ago ( Sept/Oct 2009) indicated that US index would be the trade for 2010 and the low would be in the 74/72 range…74/75 was it. I also stated Gold will see $640 at the low and silver to $8.00. ES to 550/420-380, YM 5500-4200-3800 etc. This has been posted by me many times months ago.

I also indicated that Jan 21 2010 should see a high while on/after March 16, 2010 should see the market drop like a bomb March/April.

Prechter is a learned chap..nice fellow. Yes waves do work, but its very subjective and timeframe used makes a differnce. The gurus from 1980 were Joe Granville (1982 fame), Prechter ( 1987 fame), Elaine Gazzarelli ( 1987 to 1992 fame, messed up after that), the bald Italian Amercian who worked for Prudential Bache ( 1994-98 fame), Abby Cohen ( 1994-99 fame), Henry Blodgett (1994-99 fame)…they all were wrong after their fame. If they really knew what would happen, then they would be trading the futures and options like I am.

If I started in 1987 and knowing what I learned in the last 4 years, I would be a BILLIONAIRE TWICE OVER IF NOT 4 TIMES……

“Nobody knows what YOU THINK THEY DO.” Remember this before YOU take anyones advise…TRUST IN YOUR CHARTS, NOT INDICATORS OR FUNDAMENTAL NONSENSE.

If you want to know where the markets are going read the best trading/Investing book…”Jesus the Rebel, know the future.” The less religious YOU are the better.

Gann used astrology and biblical principles and never told anyone HOW he did it.

Cont’d

There’s a good discussion going on GEI: http://www.greenenergyinvestors.com/index.php?showtopic=9217