Analysis Of Dow Index, Silver, Gold And HUI Index

This is not a correction. It is an absolute and total disaster. The stock averages will be losing 66 % of their maximum value. 

In a less than a humble way I will unequivocally state that this is the one and only wave count that has had any value in our lifetime! It has been remarkably accurate right up to this very day. It was conceived on Jekyll Island, Georgia and born in Washington, D.C. on December 23, 1913.

The Rule Of Alternation ***

In a few months the DJIA and the S & P 500 should bottom and move up to test the upper trend line. Once that test is complete the truly horrendous part of the decline should begin. At that time the precious metals complex should explode upward in a huge bullish move. Gold will probably triple in price from the low of $1,179.40.  

DJIA QUARTERLY CHART

At that time the precious metals complex should explode upward in a huge bullish move. Gold will probably triple in price from the low of $1,179.40.