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Prechter on the Wave Principle
This 3-part series of excerpts from Bob Prechter's classic text, Prechter's Perspective, is probably the best grass-roots explanation of the Wave Principle ever written.  Part I  Part II  Part III

 

That’s Great, But How Do I Use It?
Learning the basics of the Wave Principle is one thing -- applying it is another. Want to know the keys to making successful investment decisions based on market forecasts, find out from the man who wrote the book on it. In this in-depth interview, Bob Prechter discusses how to apply Elliott wave analysis in the real world.

 

“I have never seen a market unfold in other than an Elliott Wave pattern.” 

 --- Robert Prechter
The above quote is taken from an interview pulled from the pages of Bob’s 1995 book, “Prechter’s Perspective,” and if you’re interested in a new way of looking at the markets, there are few finer perspectives to attune yourself to.
In part one of this interview, read Bob’s summary of the Elliott Wave principle, explanation of the Elliott term “degrees of trend,” and his advice on how to make Elliott waves work for you. Click here.

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What is the "Spot Price"?   - one might say that the "spot" price is the price quoted for large bars of the precious metal.   Those metal bars are stored in certified warehouses. Usually only the receipt of ownership changes hands.   Keep in mind that the spot price does not include broker commissions.   When purchasing precious metals in the form of coins or smaller bars expect to pay a premium for the manufacture, some kind of commission or markup, and of course postage/insurance to receive your purchase.   Our opinion is, that for the individual investor, it is best to take personal possession of all metals and coins you purchase.


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All prices quoted and information you see comes from what we expect to be reliable sources. Do the possibility of error or omission beyond our control, no warranty or guarantee is expressed or implied as to the accuracy of any given quote. Please use your good judgment and verify prices before you make any transaction. Spot metals price charts and graphs come from various sources. Usually gold and silver metal price quotes are updated many times daily. No guarantee of their accuracy is given. To purchase coins please visit Lynn Coin and Sports card store at Lynncoins.com. Thanks!

 

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