|
We recently witnessed a key
bearish "Outside
Reversal Week" reaching
new highs for the rally from the August 9th crash bottom,
but then ending the week lower than
it began. This indicated to me that in all probability, a new declining
trend lasting several weeks
at a minimum had started.
For Elliott Wavers: This decline will likely complete
wave (1) of a 5 wave-down,
from the May 2nd, 2011 high,
which is either the beginning of a Grand
Super Cycle Degree Wave {III}
or Wave {C} DOWN. I am
labeling this first decline from May 2nd Minor wave 1-down. This may be the beginning
of that global Great Depression
that I have been about a year
early, in calling for. As
this phase of the Great Bear
Market (that began in 2007) so far we have only completed Wave 1(or A) and Wave 2 (or B)
of wave (1) and although
the DOW will eventually approach 1,000, that is several years
off. For now, short-term,
I am expecting a multi-week Selloff to complete Wave (1)
whose target should be below
the August 9th, 2011 lows. Then,
following a strong Tradable Rally (Wave 2) up, which
should retrace 38%, or even
as much as 62% (not likely)
of the full decline from
May 2nd, 2011; lasting into year
end or early 2012. Then
in early 2012, Wave 3
of (III or B) should be
a stock market crash that
will rival the1930 to 1932 crash.
This crash will be the most
devastating to more Americans
Financial Well Being in
American history, BUT on the other
hand, it can also be the most
rewarding to those who are prepared. In an effort
to keep you all on the
right side I will be sending out missives, just like this
one, on an as needed basis. (To Paid
Subscribers) STAY TUNED.
GOLD
As far as gold
and silver are concerned,
just ignore the entire BS
that is coming at you
from all sides. Ignore
all the fancy technical analysis that will cause you to sell your positions but will never get
you back in on time and you
will be caught holding depreciating
Dollars instead of steadily
appreciating Gold.
I have been
warning you all for 10 years
that most Fiat paper currency was in a race to the bottom and
as far back as 2005 my Elliott Wave
analysis combined with Cyclical and most importantly ECONOMIC analysis; I came up with my long Term Target of $6,250
by 2017 (the projected bottom
of the Bear Markets) and now 6 years later
I am still sticking to my Targets.
(Please do not ask me to comment
on other's Elliott wave analysis (Especially Prechter. Although he is responsible
for introducing Elliot to everybody
and was the absolute best
for 10 solid years (1977
- 1987), he has been mostly
wrong on the DJII since
1987 and has stayed stubbornly
bearish on Gold and Silver
since 1980)
GOLD AND SILVER
STOCKS: Are now more undervalued
in relation to their respective Bullion
than they have ever been in history. BUY BUY
The World's Central Bankers Banks, Brokers Analysts and Government Economists are all LYING to you
and desperately trying to
manipulate world markets,
especially Gold. Don't
let them get you. They like
all Bulls are trying to shake
you off the Golden Bull. HANG ON FOR YOUR (financial) LIFE. The winner is
the one who can against all odds hang on until 2017.
Aubie Baltin CFA, CTA, CFP, PhD.
2078 Bonisle
Circle
Palm
Beach Gardens FL. 33418
aubiebat@yahoo.com
561-840-9767
Please
Note: This
article is for education purposes only and is designed to help you make up
your own mind, not for me to make it up for you. Only you know your own
personal circumstances so only you can decide the best places to invest your
money and the degree of risk that you are prepared to take. All Information
and data included here has been gleaned from sources deemed to be reliable,
but is not guaranteed by me. Nothing stated in here should be taken as a
recommendation for you to buy or sell securities. I am not a registered
investment advisor
|
