Gold Conventional Wisdom vs Elliott Wave Pattern

Editor’s note: This article is excerpted from “The State of the Global Markets 2015 Edition,” a comprehensive report by Elliott Wave International, the world’s largest independent market-forecasting firm (data through December 2014). You can download the full, 53-page report here — 100% free.
Gold has rallied since the EWT/EWFF Interim Report of
November 11 forecast a near-term bullish juncture. The
report included an AP story that cited metals’ experts
who trashed gold’s prospects. Since then, we’ve been
bowled over by the number of similar stories, each one
more pessimistic toward gold than the last.