fib_1618
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Posted 1223851590
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Time to start a new thread on this subject.http://tinyurl.com/3jkphh Intermediate Wave (3) of Primary Wave {5}. After all, everything was working out famously since the summer of 2005, so why change now? However, a couple of guidelines of Elliott were broken during what should had been a 4th wave correctional process that called this idea into question, so let's take a look at what has happened since. Primary Wave [5} directly ahead of it. It is, in fact, because of this weakness in the XAU, that should had kept many buyers defensive during this final price decay period in the gold price pattern in the beginning of September.anything to sell just so you can, again, increase these same cash reserves (whether it's for margin calls, or just for the sake of self preservation). This would probably explain the main reason why the US Dollar has been rallying over the last couple of months (starting with the declining price of crude oil in August)...a shortage of currency (cash) will tend to do what a lack of any supply will do, increase in value.excess liquidity between the four major asset classes (gold, commodities, debt, and equities), and in this area, gold is telling us that even though we have had a remarkable barrage of government interventions over the last several weeks, what's been made available during this time is still not enough to feed all of the tributaries of this same river of money to open gold's (savings) bypass of this same excess. In fact, the crash in equities tells us that we are still "deflating" when it comes to this same excess (at an accelerated rate), and bringing home this thought process, even gold itself will be vulnerable to this same kind of crash type event if the current ammunition continues to have little in the way of shoring up the levees on this same river of liquidity.Primary Wave {A} is only the first part, Primary Wave {B} our expected triangle (outlined in gray - in progress), and then Primary Wave {C} testing these same 2006 lows (or even lower), might also be worth considering if given the current push and pull between this same global fire hose of liquidity and the selling for spendable cash scenario continues. are stocks, and they are not at all immuned from any further weakness we might have going forward if the current "revaluation" process has not been completed.
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