Alf Field

Alf Field was born and raised in South Africa. He is a Chartered Accountant by training. Together with a partner, he started his own funds management business in 1970 in Johannesburg. In August 1971, when the USA stopped converting US dollars for gold at $35, Alf perceived a major opportunity to buy large quantities of gold mining shares personally and for clients. In 1979 he migrated with his wife and four children to Australia. He is currently a self-funded retiree who manages his own portfolio. In 2002 Alf started writing articles on gold related subjects, including monetary history, as well as a series of gold price forecasts using the Elliott Wave technique.

Articles by Alf Field

Late Friday afternoon in New York (April 12, 2013) gold plunged through the critical support level around $1525 level that has held resolutely since the start of this 19 month correction from $1900 in September 2011. In the process of this...
There is a high probability that the correction in the gold price that started in early October at $1797 has been completed. All the minor waves are in place and the A and C wave portions are approximately equal at -$120 each. The chart...
There is a high probability that the correction in the gold price that started in early October at $1797 has been completed. All the minor waves are in place and the A and C wave portions are approximately equal at -$120 each. The chart...
There are no certainties in the investment universe. Investors are forced to weigh up the various risks and assess the probabilities involved before committing themselves to a course of action. Current Elliott Wave and technical studies...
What happened to gold on 29 February 2012? The precious metal dropped from $1792 to a low of $1686 in one day! How does this shape up with our Elliott Wave expectations?
I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. As I own some silver bullion and a number of silver...
I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. As I own some silver bullion and a number of silver...
There is a strong probability that the correction in the price of gold has been completed. This article has four separate sections. They are:
The world champion of the money printing world, Zimbabwe, is now operating on a quasi gold standard with a largely free enterprise economy. There may be lessons to be learned by other countries from Zimbabwe's experience.

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Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.