Elliott Waves have long predicted a bull run in gold and silver, and called many of their short term turns quite correctly. They are at it again, pointing to a coming short-term consolidation in the midst of a long precious metals bull run. And one of the best organizations that track these waves in the gold and silver market is the Elliott Wave International, through its Gold and Silver service.

As you are well aware, gold and silver have had a decade long bull market compared to the S&P 500 index or Dow Jones Industrial index which has been flat for the first decade of the twenty-first century. The Elliott Waves have been calling for a strong bull market in the gold and silver markets, though eventually these markets are expected to collapse as well as general deflation takes hold. But the Elliott Waves can help you take a good guess at when that turn is likely to come, and let you ride your profits until that turn does come.

The interpretation of Elliott Waves is not always easy, and even experts are caught unguarded from time to time - however, at times of extreme emotion - such as now when everyone is a silver and gold bull, it calls turns presciently. Elliott Waves are said to be graphs of social moods, and like any other mood indicator, it can catch the extremes far better than middle of the road moods.

Outside of Elliott Waves, other technical indicators call for a period of consolidation as well, though the fundamentals still remain favorable to a continued run in these tangible hard assets even as the dollar continues to weaken. If the United States manages to bring its long term debt and deficits under control, one can expect a strong rally in the dollar and a decline in the value of gold and silver. The Elliott Waves will likely predict if and when such a turn in events might happen as well. Adding the Elliott Wave service gives you additional headlights when investing in these tricky markets.

Happy investing!