Peter Degraaf,Trader mit 50 Jahren Börsenerfahrung, mit Gold und -Aktiencharts -- und seine Meinung über Elliottwellen....
Gold ist keinesfalls "überpreist", wie es oftmals dargestellt wird.
Wie schon früher hier hereingestellt, ist der Chart und die Betrachtung Gold vs andere Währungen besonders beachtenswert.
"....Featured is the weekly chart that compares the price of gold to the long bond price. In an article I wrote in September (archived here), I wrote about the likelihood of an upside breakout occurring from the 8.50 level. The implications of this breakout are that bond holders will begin to realize the futility of holding bonds (as inflation is eating up all of the increase in price), and the need to switch into gold.
This breakout at 8.50 is from beneath an area of resistance that has lasted for almost two years and completes the formation of an ‘inverted head and shoulders’ pattern that has a target at 1150. As I mentioned in my previous article, this target coincides with a target for gold at $1,500.00, with a time frame of November-December 2010.
The reason this target makes sense is because fundamentals for a rising gold price have never been stronger......
As long as the holders of the long positions (primarily hedge funds), are satisfied that gold is not overpriced (having just broken out above the magic $1,000 level), the gold price can continue to rise.
Quoting from the most recent Hulbert letter: “The Hulbert Gold Newsletter Sentiment Indicator (HGNSI) has been stuck at 53.8% since Oct. 7. It has been as high as 89.58%. This lack of movement from the lower level is not consistent with a blow-off”.
Seine Attaccke gegen Prechter und seine Anhänger ist schon sehr heftig:
"...The most important drivers for gold are the unprecedented US budget deficits and the inexperience of the people in charge to deal with the problem. To paraphrase Sir Winston Churchill “Never in the history of mankind have so few thrown this much money at so many problems.”
Hardly a day goes by that I don’t receive a letter from someone who is spooked by the negative picture painted for gold by some analyst who subscribes to Elliott Wave Analysis.
Pay no attention to the Elliott Wave crowd that warns you of collapsing gold prices!
Their most popular guru is Robert Prechter who has been down on gold for the past 6 or 7 years, and has been wrong all this time! ...
Elliott Wave analysis works best when viewed in retrospect!
No phenomenon based on human action is a straight line up, down, or horizontal.
Substituting numerology for the harder work of thoughtful analysis is fool's play! ...."
http://www.kitco.com/ind/degraaf/oct222009.html
Grüsse