A continuance of the Commodities Bust which will manifest as an Elliot Wave 3 Down of gold mining stocks, energy stocks, oil service industry stocks and gold.
October, November or December 2006 will see
The installation of the North American Union by the terms of the Security and Prosperity Partnership Of North America or other Financial Panic whereby gold will rise significantly in price.
Jan Allen's Recommendations:
I recommend one liquidate all financial assets immediately which includes stocks, bonds, mutual funds, etfs and stand ready to buy gold after it falls to $550 to $540 and before the installation of the North American Union.
Some have pointed out to me that commodities having great price swings which subject the investor to significant risk. I reply as follows:
The weekly CRB Index Chart shows an early May 2006 Fractal Break Down. It was a historic event: it was the pivot point where commodity prices changed from an Elliott Wave 5 Up to an Elliott Wave 5 Down.
In response, on May 9 2006, the stock markets as measured by the S&P 100 (^OEX) at 603, turned down. Then on 7-17-2006, the S&P 100 started a recovery at 566, and now as of 9-15-2006 has reached 609.
In other words, stocks can and do experience significant price swings: further example of which can be seen in the 9-28-2006 Fractal Break Down of the XAU Stock Mining Index.
In summary, the price swing that is coming to the stock markets will be breathtakingly down, while the price swing that is coming to gold will be awesomely up.
If one has less than $2,000, one can invest in the ETF (GLD) but this carries risk as it is not a real asset.
If one has more than $2,000, one can buy, store and sell gold at Bullionvault.com . The advantage of this service is that one personally owns the commodity where it is guarded by Brinks-a global leader in security.
Suggested Reading
Investment Commentary by Volkmar Hable dated September 16, 2006
Elliot Wave Gold Update VIII by Alf Field dated September 11, 2006
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