Elliott Wave Charts Point to Shocking Countertrend for Gold

It’s not just surfers who scrutinize wave patterns. Steven Hochberg, chief market analyst at Elliott Wave International, uses the Wave Principle to predict the movements of commodities and the stock market based on a number of factors, including sentiment. In this interview with The Gold Report, he reads the waves and shares their indications that the stock market is headed for a downtrend, while commodities will move up, although not in a direct line.