I respect Bob Prechter, but with prices continuing to go up across the board he is going to have drop this outlook soon, otherwise he's going to lose his subscribers a lot of money.
He did completely miss the 5 year bull market starting in 2003. 5 Years is a long time to be wrong.
You continuously maintain the same view and you're going to eventually be correct.
Fighting the Fed is a risky game to play. If they want to debase then they will debase.