Aliso Viejo, CA (PRWEB) December 18, 2008
In early 2008, many investors and analysts were predicting Gold would soar to $1500 or even $2000 an ounce and, simultaneously, the U.S. economy would continue on its decades-long inflationary path. For Glenn Neely, founder of NEoWave Institute and regarded as the premier Elliott Wave analyst, the 2007/2008 Gold market elicited some of his most dramatic and accurate forecasts.
Neely publicly made these 3 startling predictions, centered on the cash Gold market:
1. During July/August 2007, when Gold bottomed near $650 an ounce, Neely called for a $200 rally before year-end. Just 3 months later, Gold reached $847.60 an ounce on November 9, 2007. Recently, Timer Digest recognized Glenn Neely's NEoWave Gold Trading service as the most profitable service of its kind in the United States between October 24, 2007, and October 24, 2008.
2. Prior to the March 17, 2008, historic peak in Gold, NEoWave patterns enabled Glenn Neely to anticipate and publicly announce the imminent conclusion of Gold's bull market, the start of a bear market, and the beginning of an unprecedented, 4- to 6-year deflationary period.
3. Contrary to wildly bullish forecasts of the time, Neely turned adamantly bearish just 4 days after the Gold market's March 2008 all-time high of $1048 [basis December futures]. At the same time, he confirmed to subscribers a 4- to 6-year bear market had begun, which he had long anticipated. And, shockingly, Neely predicted Gold would break $500 an ounce by 2012. In just 6 months, Gold dropped $367 off its historic high, recently bottoming at $681 - a 35% decline.
Hear Glenn Neely review his 2007/2008 Gold market forecasts and his prediction of a long-term deflationary environment in an interview with Ike Iossif, owner of Aegean Financial Research & Analysis and host of Marketviews with Ike Iossif & Friends.
Click the following link to hear Glenn Neely's 27-minute interview, recorded on November 19, 2008: http://www.neowave.com/company-nov2008interview.asp
Traders and investors who follow NEoWave trading and forecasting reports can protect their investments and even make profits in this deflationary economy. Learn about the NEoWave Forecasting Service at:
Learn about the NEoWave Trading Service at:
About Glenn Neely and NEoWave Institute
Glenn Neely, who is internationally regarded as the premier Elliott Wave analyst, founded the Elliott Wave Institute in 1983. In 1990, Neely published his advanced Wave analysis process in his now-classic book, Mastering Elliott Wave. In 2000, Neely changed the name of his research and advisory firm to NEoWave Institute to differentiate his scientific Wave analysis technology from orthodox, subjective Elliott Wave analysis, which is frequently nebulous, inaccurate, and constantly fluid.
What is Elliott Wave? In the early 1930s, Ralph Nelson Elliott presented his theory of market behavior, which quantifies each stage of an economic cycle into specific patterns of mass psychology. Glenn Neely has devoted more than 25 years to mastering and advancing the concepts of Wave theory. Neely refined Elliott Wave theory to make it objective, practical, and consistently accurate, producing his now-famous NEoWave technology. This precise, step-by-step assessment of market structure leads to low-risk, high-profit investing and trading. Orthodox Elliott Wave, devoid of such technology and rules, typically leaves the analyst with ambiguous interpretations, seriously flawed results, and dual-directional forecasts.
Today, decades after R.N. Elliott penned his original theory, countless investors and traders trust Neely's revolutionary, step-by-step NEoWave approach to market analysis. Devotees of NEoWave Institute and Glenn Neely are reaping the rewards of low-risk, high-profit investing. Learn more about Glenn Neely and NEoWave Institute at http://www.NEoWave.com.