Robert Prechter: Gold isn’t the safe haven many think
The euro’s recent loss has been the dollar’s gain, which means that it’s not the best time to buy the U.S. dollar. Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either. Watch the excerpt from Robert Prechter’s May 20 interview with Yahoo! Finance Tech Ticker host Aaron Task to hear what Prechter thinks is in store for the U.S. currency and gold.
For more information from Robert Prechter, our friends at Elliott Wave International are inviting Contrary Investing readers to download a FREE 10-page issue of the Elliott Wave Theorist between now and June 7.
Ed. Note: I am a paid up Elliott Wave Theorist subscriber myself, and would highly recommend Prechter’s analysis.