Wednesday, June 9, 2010

Robert Prechter - Reuters Investment Outlook Summit

Gold could fall 40 percent from peak: Prechter
The price of gold could drop 40 percent from its all-time high because of bearish technical momentum and deflation amid a European debt crisis, said Elliott Wave International President Robert Prechter on Monday.

Euro nears bottom vs dollar: Prechter
The euro is likely to bottom out against the U.S. dollar within two weeks, based on strong near-term technical indicators, longtime market analyst Robert Prechter said on Monday.^DJI,^GSPC,^IXIC,^RUT,^VIX,IWN,TLT&sec=topStories&pos=8&asset=&ccode=

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