Recent GOLD PRICE rise will ignite Wave 3 in shares..

The recent Break out in the gold price from its 14 month consolidation period obviously catches the publics attention, well a small percentage of the public so far. But that is how advances work

Elliot wave says the first wave is the smart money moving in, the third wave is smart money plus trend followers the 5th wave is the last advance where the last of the public moves in before consolidation.

Wave 3 from the previous break out in late 2005 was where gold stocks soared, going anywhere from 2 - 5 times or more.

I like to think of wave 3 as the money making wave..