tag:blogger.com,1999:blog-12333088.post4354016571576385976..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: gold and silverCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12333088.post-12189915707442309332014-11-07T09:21:22.086-05:002014-11-07T09:21:22.086-05:00In 2010-11, there was a bullish crowd in precious ...In 2010-11, there was a bullish crowd in precious medals which I think was comparable to the bullish crowd for stocks in 1999. Everybody was saying that investing in gold was the prudent thing to do to and that investing in stocks was foolish. TV channels were bombarded with ads promoting gold investment. <br /><br />The charts for gold and silver show a decline from the 2011 top that is clearly five waves rather than three waves, and according to Elliott Wave theory, a five wave decline is the initial leg of a bear market.Graph1159https://www.blogger.com/profile/00333730170650906465noreply@blogger.com