As I write this post, gold is down more than 3% for the morning of Friday, May 10.
Major pullbacks like Friday’s are often followed by big bounces, but as gold and silver threaten to breach the recent April lows, many investors have an important question in mind:
Are we in the early stages of a gold and silver bear market, or is downward pressure on the metals setting up another buying opportunity for the bulls?
On April 23, Robert Prechter, a famed market technician known for calling the roaring bull market of the 1980s, the ’87 crash and the March 2009 stock market low, published an urgent new issue of his Elliott Wave Theorist.
This issue is so powerful (and so urgent) that EWI has pulled out a Special Two-Page Report for you to read — for FREE.
Every issue of the Theorist provides a unique look at tomorrow’s news today. This issue meets that high standard and more. It’s one of the most powerful and revealing issues of the Theorist subscribers will ever read.
Due to the timely nature of recent market action in gold and silver, EWI cannot make it available indefinitely, so they’ve agreed to offer it for free to you until Wednesday, May 15 — at which time the report will return to the subscribers-only area of their website.
P.S. In trademark fashion, Bob’s outlook is different from most financial analysts and economists you’ll read anywhere else. And that’s exactly why his Special Two-Page Report is worth your time — right now. Follow this link to read it now.
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.