How to Forecast Gold and Silver Using the Wave Principle
This beautiful 8 1/2 x 11-inch book revisits in exquisite detail all of Robert Prechter's real-time metals commentary during the bear-market years of 1980-2001.
- Format: Book | 483 pages
- By: Robert Prechter
All of Prechter's real-time metals commentary during the bear market years
Robert Prechter correctly called nearly every major turn and trend in gold and silver during one of the metals' most historically baffling periods. The years in question ran from 1979-2001, a period book-ended by gold's $850 high in 1980, and its low near $250 in 2001.
Prechter believed that Elliott wave patterns would transcend fundamentals, new technologies and even the government's intervention into markets. Which is why this is unlike any "How To" book you could ever read. Bob's earliest forecasts came just before the manic high in 1980. Investors then were as crazy to own gold and silver as they would be to grab up NASDAQ stocks twenty years later.
You can imagine how Bob was received in January 1980, when Commodities magazine quoted him saying, "Silver can be expected to drop back to between $4 and $6 per oz. sometime in the next decade." And on February 9, 1980, Bob said "Gold has registered a fairly classic blow-off, which I now believe has finished off the major leg III from the 1970 fixed-price low."
But that's only how the story begins...
This book shows you all of Prechter's real-time calls for gold and silver during that 22-year span. In exquisite detail, you see exactly what Bob saw at the time and learn exactly why he made those forecasts. Every forecast delivers valuable insight into the real-time application of the Wave Principle, insight that helps you understand and apply Elliott to the markets you follow today.
Meet Your Author
Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also founder of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.
An attractive and valuable addition to your library
How to Forecast Gold and Silver shows you what matters – and what doesn't – when you want to invest in precious metals. The analyses presented in The Elliott Wave Theorist did NOT look to the Fed, news headlines, politicians, or any other "external" source for information on gold and silver. Instead, it looked in one place to predict where precious metals would go: to those markets themselves.
You can learn from this book. It shows you forecasts are made in real-time, when no one knows the future and the pressure is on. If you grasp the analytical principles in How to Forecast Gold and Silver, you won't ever need someone else's analytical opinion on precious metals again. You'll have your own.
How to Forecast Gold and Silver Using the Wave Principle is a coffee-table size book. The cover is a handsome piece of original artwork. Not only is this book made to read, it can also be put on display or serve as a cherished gift.
This book has no equal for the duration, depth and accuracy of its content – which represents a subscription value in the neighborhood of four-thousand dollars.
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