How about the $1 trillion bailout package for saving the EURO? Do you think Gold is the safe haven now for the investors and wealthy people? The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the second excerpt from Robert Prechter’s May 20 interview with Yahoo! Finance Tech Ticker host Aaron Task to hear what Prechter thinks is in store for the U.S. currency and gold.
Now Elliott Waves can be your crystal ball that can tell what is in store for the EURO, DOLLAR and the GOLD. When you talk about Elliott Wave Analysis than you should know the name of Robert Prechter. Robert Prechter is the world’s leading authority on Elliott Waves Analysis! Elliott Wave International was 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.
As a trader, you should try to have the big picture of the markets. Most traders forget to develop their big picture. With Elliott Wave Analysis, you have the perfect tool for developing the big picture. A lot is happening in the currency markets and the gold market. You will hear and read a lot of predictions on what can happen. Mastering Elliott Waves can give you the ability to see what can happen in the future!
Prechter on Yahoo! Finance: “Even $1 Trillion Can’t Save the Euro, But Gold is No Safe Haven”
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