Alf Field
Alf Field was born and raised in South Africa. He is a Chartered Accountant by training. Together with a partner, he started his own funds management business in 1970 in Johannesburg. In August 1971, when the USA stopped converting US dollars for gold at $35, Alf perceived a major opportunity to buy large quantities of gold mining shares personally and for clients. In 1979 he migrated with his wife and four children to Australia. He is currently a self-funded retiree who manages his own portfolio. In 2002 Alf started writing articles on gold related subjects, including monetary history, as well as a series of gold price forecasts using the Elliott Wave technique.
Alf Field Articles
Following my decision last November to quit writing these reports, I was inundated with a flood of emails requesting me to continue writing. The emails are still arriving some six months later. The power of communication via the Internet...
As this is going to be the last of these Updates, it is appropriate to review the reasons for writing this series of articles on Elliott Wave and the gold price. This will involve revealing a lot of personal detail and also unveiling an...
Everyone must be wondering where this "unprecedented global financial crisis", (the World Bank's words), is heading. What follows, for what they are worth, are my cogitations on this crisis.
When things go wrong with one’s Elliott Wave count, it normally means that there is an error in the prior wave count. There is nothing one can do except eat humble pie and wait until the picture clarifies sufficiently to enable a revision...
Corrections are often confusing and difficult to analyse. The current action in the gold price is a case in point. As has been pointed out in the past, corrections can become extremely complex.
There seem to be 2 valid counts at this time...
Pressures are mounting around the world that will probably result in a sharp decline in the exchange value of the US Dollar. The source of the problem is the US current account deficit that has destabilised both the world economy and the...
Update 19 published on 30 April 2008 expressed the view that the there was a strong probability that the correction from the March 17 high of $1,033 was complete. In addition Update 19 contained the following warning:
“As will become...
There is a strong probability that the correction in the gold market from the $1033 peak of 17 March 2008 is complete. This view is based on (i) the fact that the anticipated decline of 16% in this correction has been achieved and (ii)...
"Men haven’t changed much in the last 2,000 years and, in consequence, we must still learn from history." –
Kenneth Clark, "Civilisation"
"You shouldn’t be worried. You should be angry. We’ve just come off a multiyear orgy of...
The $988.50 forecast in Update 17 for the peak of Large wave I was exceeded by a small margin. The gold market now appears to be in the process of working through corrective Large wave II which is estimated to decline about 16%, give or...
