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.

Alf Field Articles

In August 2003 I published an Elliott Wave gold price forecast that targeted a price of $630 as the peak of the first major wave in the new gold bull market. Incredibly, that forecast still seems to be on track and seems to have a decent...
The bell tolls for the US Dollar because it is doomed. Like the Dodo bird, the US Dollar will, within the foreseeable future, disappear into the history books in the chapter on "Extinct Species".
"The objective of investing is to increase the purchasing power of capital."
Talk of deflation has become popular once again. Richard Russell has mentioned it and several people have asked my opinion of a recent article by George Paulos and Sol Palha entitled "A Day Late and A Dollar Short". It is a well-written,...
In June 2002 I published an article entitled "The Coming US Dollar Implosion". At that time the Euro was US$ 0.96 and the US Dollar Index 108. The figures today (3rd Dec 2003) are Euro = US$1.20 and a US Dollar index of just under 90. The...
COT is an anacronym for Commitment Of Traders in the Futures markets. The Exchange analyses the various market participants into 3 categories, Large Commercials/Hedgers, Large Speculators and Small Speculators. Historically the Commercials...
Robert Prechter's forecast that the gold price would drop below $250 (and possibly even below $200) has caused a degree of angst amongst gold bulls. Bob has made so many astonishingly accurate calls in the past, especially relating to the...

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Minting of gold in the U.S. stopped in 1933, during the Great Depression.