Harry S. Dent — 22nd of Feb update : major long term top in Gold, Silver, Oil

Started by CrackSmokeRepublican, February 27, 2011, 04:00:19 PM

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CrackSmokeRepublican

February 27, 2011, 04:00:19 PM
Harry S. Dent — 22nd of Feb update
The great Harry S. Dent has finally provided us with a long awaited update. Here are the main points he discusses:

    * We might have hit a major long term top in Gold and Silver
    * And also a probable major long term top in Oil
    * The stock market doesn't seem to be toping just yet. The expected top should be sometime between late June and late August. The current decline should be bottoming around 1250 to 1280 before getting a final rally to between 1380 to 1430 although the correction might last a number of weeks.

[youtube:11gjjdac]http://www.youtube.com/watch?v=MPHhH6v9me4[/youtube]11gjjdac]

Precther also has a 5 wave pattern on Gold as well... heads up:

[flash=http://elliott.vo.llnwd.net/o18/video_embed/RP_BNN_Laryy_Berman_1-24-11-LQ.flv]http://elliott.vo.llnwd.net/o18/video_embed/RP_BNN_Laryy_Berman_1-24-11-LQ.flv[/flash]
http://elliott.vo.llnwd.net/o18/video_e ... -11-LQ.flv

Other long term views (Bob Hoye)

http://talkdigitalnetwork.com/goto/http ... 1_0225.mp3
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

Roy Hobs

#1
February 27, 2011, 10:10:09 PM
What does that mean, "hit a major long term top"?  

May sound like a stupid question..............sorry.  

I don't quite understand "cycles" or "waves".  Wouldn't we consider what is happening in the world today "outside" any 'trend' or cyle or pattern?  

Thanks.

mchawe

#2
February 28, 2011, 04:33:35 AM
Yet another top caller ! Top callers get buried !
People have been calling tops for years in this market. Needless to say they have been wrong !
Especially Elliot Wavers.
http://www.marketoracle.co.uk/Article15934.html
Prechter has had the gold bull wrong all the way from its inception

CrackSmokeRepublican

#3
March 04, 2011, 09:47:58 PM
Pretty interesting interview from H.Dent... you'll love it mchawe   :D  :

http://radio.goldseek.com/shows/2011/03 ... .11-cc.mp3
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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