The “surprise” explosion in the price of gold did not come as a surprise to WolfeWave practitioners.  As savvy investors know, the share prices of gold stocks often rise before the price of the metal.  The above weekly chart of ASA has a beautiful WolfeWave that telegraphed the move weeks in advance when it hit the 5 point.  It then went on to nail the target line.  This kind of critical analysis on long term charts would be extremely valuable for mutual fund managers and the like.  Without knowing how to properly “time-frame” a wave, a trader would be at the mercy of analysts that recommended the stock just as it hit the target line.