Over the past 5 calendar years we have seen gold either complete an intermediate cyclical top or bottom.

The market action in both the precious metals complex and the equities markets has been moving in clearly defined Fibonacci and Elliott Wave patterns for quite some time now. All of the recent peaks and valleys in both areas can be clearly demarcated with Fibonacci retracements and crowd behavioral patterns both in advance and in hindsight.

My most recent forecasts for the SP 500 and Gold have been calling for interim peaks in both around Mid- January. Gold, I told my subscribers a few weeks ago, was definitely topping and likely to drop now to $1270-$1280 per ounce before resuming the Bull Market advance. The SP 500 I have forecasted a 1285-1315 topping area since the 1175 pivot lows on that index, and we are very close as well in that regard.

By David Banister- www.MarketTrendForecast.com lang=”EN-US”>The gold bull has been moving in very reliable Elliott Wave and Fibonacci patterns for many years now, […]

The Elliott Wave patterns that I use to forecast movements ahead of time in the SP 500 and Gold for my subscribers […]

In latter August I penned a forecast for my subscribers to TMTF on Silver, and below is a brief excerpt from August […]

Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull […]

In my recent forecast updates for my subscribers and also in my free articles online, I have expounded on the virtues of […]

The SP 500 index has run up as forecasted to our subscribers a few weeks ago to a high of 1123 from […]

I’ve been busy counting the months of correction since Mid-April this year when I forecasted a top in the U.S. Markets following […]

(Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50) Silver is one asset […]

Back in latter June I forecasted a big top in Gold, mostly due to the 5 wave structures up from the October […]