Tuesday, November 15, 2011

Alf Fields to Release New Outlook on Gold Tuesday

Jim Sinclair has announced that gold expert Alf Fields will release a new outlook on gold Tuesday, after retiring from public commentary on the metal several years ago.
For those unfamiliar with Alf Fields' 5 wave prediction for the current gold bull market, please review his Major One- Five.
We are more than a little excited to read Alf's update Tuesday.  His calls for major waves one and two were uncannily accurate, with wave 3 ongoing.

Major ONE up from $256 to $1,015 (actually 4 times the $255 low);
Major TWO down from $1015 to $699, say $700 (a decline of 31%);
Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low);
Major FOUR down from $3,500 to $2,500 (a 29% decline);
Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as
Major ONE)