NS: Hey Boon, I have been doing some homework for you.
Boon: Good!
NS: You are going to like this. You are now officially against Prechter!
Boon: Robert Prechter?
NS: Yes -- "the guru of the decade" [1] in the 80s! Your current positions in Sugar #11, Lean Hogs, and your bullish outlook on Gold [5] are totally against the forecasts published by Elliott Wave International (EWI) [2]!
LT: Wow... exciting...
NS: However, I must say that your decision to long Natural Gas was superb! EWI predicted Natural Gas to tank in 2008 as well, and your decision to go long from 7.X [3] was against them at that time. However, as Natural Gas went up up up, EWI has now changed their forecast -- they now think Natural Gas is on its way to make a new all-time high, which is consistent with your present forecast [4].
LT: Tell us something else we don't know please.
NS: Okay. EWI is painting a terribly gloomy picture for Gold and Silver. Prechter believes both precious metals have topped out and are now in a bear market which can last for years.
LT: Really?
NS: Yes, they think Silver is not going to bottom until something like 2012!
Boon: Interesting...
LT: Boon, I guess you like the idea of going against the very best huh?
Boon: ...
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