We are on the cusp of Alf Field’s 5th Wave of his gold price projection. It will follow directly along the lines of the Armstrong timing as a result of Sentiment in the US dollar moving into its major down leg NOW.
Does 5th wave mean Major FIVE up?
Surely not as we haven't had Major THREE up yet (which in fact should be 5 x $700 based on the 2008 actuals)
"Major ONE up from $256 to approximately $750 (a Fibonacci 3 times the $255 low)
Major TWO down from $750 to $500 (a serious decline of 33%);
Major THREE up from $500 to $2,500 (a Fibonacci 5 times the $500 low);
Major FOUR down from $2,500 to $2,000 (another serious decline);
Major FIVE up from $2,000 to $6,000 (also a 3 fold increase, same as ONE)"
I'm confused with Jim's comments - anyone got a view here?
SafeBetter
Your not the only one that is confused, so was Jim. He has now amended his post to say that this is the start of Major Three not Five
GOLD
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Your not the only one that is confused, so was Jim. He has now amended his post to say that this is the start of Major Three not Five