InvestorMind

Today Egon von Greyerz told King World News he received an email from his good friend Alf Field predicting silver would move quickly to the $158 level. Von Greyerz also discussed the initiative in Switzerland to get the Swiss franc backed by 20% gold. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about Alf Field’s call for $158 silver: “Eric, overnight I received an email from my good friend in Australia, Alf Field. To his amazement he found the silver chart, from an Elliott point of view, runs in parallel to the gold chart. His count is now very clear that silver will, in the next move reach $158.” Egon von Greyerz continues: “Alf’s next target for gold is $4,500 and I think this silver target of $158 makes sense because that would put the gold/silver ratio just under 30. I think we could see Alf’s targets of $4,500 gold and $158 silver this year or certainly in the next 18 months. Th...

I was reading Robert Prechter's book called Conquer the Crash and here are some observation that I learned from Robert Prechter who popularized the Elliot Wave Theory. For example, did you know that during a recession or a depression, the top grossing movies are usually horror movies? There's also a lot more horror movies in times of depression, especially at the bottom. Possibly due to Hollywood mirroring the moods of the population. During the great depression of 1929 to late 1930s. The top grossing movie were Frankenstein (1931) and King Kong (1933). During the recession between 1970 to 1980. The top films were The Exorcist (1973), Jaws (1975), Jaws 2 (1978). The bottom of the market during that decade was Sept 23, 1974. When the market started recovering or when the population has had enough of the gloom and doom, the top movies were Saturday Night Fever (1977), Star Wars (1977), Grease (1978), Superman (1978) and Moonraker (1979). During the 1980s boom with Reaga...