I understand your perspective. I can't afford to committ myself 100% to an ideological argument for my investments, but do choose to hold physical for a certain percentage of my assets should Sinclair prove correct.

It's interesting that Sinclair likes to rail on about Elliott Wavers and how often they're wrong, yet he himself is partially relying on Alf Fields' bullish wave projection for gold. Trading 101: Don't rely on TA only because it complies with your ideology.

In summary, I don't believe Prechter or Sinclair because they have too much invested in their preferred outcome. Prechter says to be in t-bills and nothing else, and Sinclair says all gold. One of them may be partially or completely correct, but this is still no way to manage your investments.