Robert Prechter on Goldseek Radio Jan. 28, 2011

Robert Prechter of Elliott Wave International


Elliott Wave International


Robert Prechter is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide round-the-clock analysis on global financial markets. Bob has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award.
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Buy Silver and Prepare For Hard Times, Food Shortage. Turmoil in Egypt

Silver is holding its own today, no big moves despite the turmoil in Egypt. Silver bullion could see a spike in price if the money that left the ETFs start piling back in. Thoughts on food shortage or food transportation problems. Preparing by canning food and having an alternative power source. In short, total preparedness. Buy silver, Buy food and have an alternative energy source. Economic collapse will catch a lot of people short of items they need and won't be able to get afterwords. Food inflation is causing unrest, food riots worldwide. Dollar collapse in future barring a miracle.

The Silver Suppression Explained

The Silver Suppression Explained - Office Series 5 : Silver has been demonetized just as gold has. Banks only have big stacks of IOUs of various types No one talks about how India and the middle east how they trade in silver and gold for thousands of years even to this day. These people cherish precious metals much more then own currency. Used in weddings,trade,and everyday life.Too, no one really knows how much gold these people have stored over thousands of years? For a rainy-day?



Silver wont take off for as long as fiat silver can run the game. It will take a run of fiat silver investors to request physical (rather than dollars) for silver to skyrocket. It will take a lot for those investors to lose faith in the dollar enough to take the silver. Most of those guys are heavily invested in stocks and bonds and still believe in the dollar so the silver boom may take some time.