Viewing articles by Alf Fields

Posted by & filed under Alf Field.

Dear CIGAs, Late Friday afternoon in New York (April 12, 2013) gold plunged through the critical support level around $1525 level that has held resolutely since the start of this 19 month correction from $1900 in September 2011. In the process of this sudden drop, confidence in gold by long term investors has been badly… Read more »

Posted by & filed under Alf Field.

Dear CIGAs, There is a high probability that the correction in the gold price that started in early October at $1797 has been completed. All the minor waves are in place and the A and C wave portions are approximately equal at -$120 each. The chart below depicts the action on Comex via the 2… Read more »

Posted by & filed under Alf Field.

My Dear Extended Family, I have known Alf Fields for what seems like forever. I have long held that the best technicians simply know the market of their interest and use TA as a point of focus. The prices of $3500 – $4000 and $4500 are now in the market’s focus. Stay the course. Regards,… Read more »

Posted by & filed under Alf Field.

Dear CIGAs, What happened to gold on 29 February 2012? The precious metal dropped from $1792 to a low of $1686 in one day! How does this shape up with our Elliott Wave expectations? The answer is that the market is tracking well in line with expectations. Before dealing with the current move, it is… Read more »