Here's an intriguing question with a simple answer:
Name an analyst who:
Published specific gold and silver forecasts for 22 years during one of the metals' most historically baffling periods,
Correctly called nearly every major turn and trend during that time, and
Now offers that entire body of work for public scrutiny and personal education?
Yes, Bob Prechter. But you know that.
The years in question ran from 1979-2001, a period book-ended by gold's $850 all-time high in 1980, and its low near $250 in 2001. Put in other words, "All of Robert Prechter's Real-Time Metals Commentary During the Bear Market Years" -- which is the subtitle to Elliott Wave International's just-published book,
How to Forecast Gold and Silver Using the Wave Principle.
Bob believed that Elliott wave patterns would transcend fundamentals, new technologies, even the government's intervention into markets.
Which is why this is unlike any "How To" volume 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.
So 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…
Here's a question with a straightforward answer:
Why should you make How to Forecast Gold and Silver Using the Wave Principle part of YOUR library?
First; How to Forecast Gold and Silver will show 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.
Second: You can learn from this book. More than an abstract "How To," it shows "How To Do It Right" -- and I do mean show. And it's all 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.
A final thought: How to Forecast Gold and Silver Using the Wave Principle is a coffee-table size book -- after all, think of how many years it includes! The jacket cover is a handsome piece of original artwork, designed by a professional graphic artist. Not only is this book made to read, it can also be put on display -- or serve as a gift for someone you know.
How to Forecast Gold and Silver Using the Wave Principle has no equal for the duration, depth and accuracy of its content. It's now available for $179 -- that represents a subscription value in the neighborhood of four-thousand dollars.
"I've been reading Bob's thoughts on gold for over four years. After a while you conclude he must be reading next year's newspapers."
-- A Non-Random Walk
"Robert Prechter has been right on target for almost the whole of the gold bear market, having called previous major turning points almost to the exact dollar, which is a feat I believe to be unequalled by any other forecaster (and I read most of them)."
-- Australian Investors Digest
"Elliott wave forecasting has enabled Prechter to make some remarkably accurate calls. In January of last year, for example, he predicted gold would soon peak at just over $500 an ounce. It hit $511 on Feb. 15 and within two weeks fell to $408."
-- Money Magazine
"We can't ignore the brilliant work turned out by The Elliott Wave Theorist. By anybody's standards, Prechter's work has to be considered tops. His best predictions have been with gold, but his DJI projections are also very impressive."
-- Rating the Stock Selectors
"Robert Prechter, my good friend of many years, has called me personally on two different occasions about silver. One was at the exact bottom in 1993. At our June, 1980 Montreal Conference, he predicted the gold bear market, and he has an uncanny ability to call general stock market timing. He has one of the best records in the business."
-- Gold Newsletter
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