Even though the mainstream media was looking to so-called fundamentals — such as the action of the dollar or bond yields — Elliott Wave International focused on the patterns of investor psychology
Gold: See What This Fibonacci Ratio Says About the Trend
August 19, 2020 by Leave a Comment
Gold has been a star performer in the markets recently with gold making a new all-time high of $2067.15 on August 6th. From there it retreated to $1931 on August 12th before resuming its climb. On August 18th it closed just above $2000 and then retreated to $1927.90 on August 19th . So we have seen quite a bit of volatility this month in gold. It certainly would be nice to know beforehand where it would stop and turn.
Do Facts Support Doom and Gloom or Higher Highs for Stocks and/or Gold?
July 25, 2019 by Leave a Comment
Dating back to 1950, the S&P 500 has only dropped over 40% three times: 1973-74, 2000-02, and 2007-09. In each case after the big drop, something caused investors to change their attitude and behavior related to the attractiveness of common stocks. Major lows are rare and the shifts that occur in the minds of human beings near major lows are rare. History tells us valuable information can be found in rare market events.
Is Gold on the Verge of a Bottom?
August 30, 2018 by Leave a Comment
From 2017 until now the Gold chart shows another 75% price retracement from recent highs once again. This second 75% retracement could be a massive bottom formation setting up in Gold and could be a huge “wash-out” low price. We believe this unique retracement is indicative of a massive price breakout over the next year or so as the price of gold is forming what Stan Weinstein calls a Stage 1 Accumulation.
Gold: Often, Simple Forecasting Tools Are All You Need
September 21, 2017 by Leave a Comment
In the following video by Elliott Wave International we will look at the gold price and “Commitment of Traders” In 2017, Gold ‘s rally has stalled three times in April, June and August. With April and June’s price stalling at the same overhead resistance level. Back in August Elliott Wave TV said, When analyzing charts […]
Something Strange in the Gold Market
August 12, 2016 by Leave a Comment
Gold has a strong negative correlation to other assets. That means that when other markets fall gold can hold steady or even rise. This makes it the ultimate portfolio insurance.
Elliott Wave Projecting Gold Bottom?
January 31, 2014 by 1 Comment
By David A Banister We have been writing about the bottoming process of the Gold Bear Cycle (Elliott Wave Theory) since December 4th 2013, and our most recent article on December 26th reiterated that the best time to accumulate the Gold/Silver stocks was in the December and January window. Specifically this is what we wrote: […]
Gold and Silver: A Great Day to be a Bear
June 21, 2013 by Leave a Comment
Elliott wave analysis is the blade-proof glove with which “to catch a falling knife” By Elliott Wave International In the wee morning hours before dawn on Thursday, June 20, the precious metals’ rooster crowed, “Cock-a-doodle-DOH!” It was the ultimate wake-up call: First, gold prices plummeted 4% then 5% then 6% below $1300 per ounce to […]
Investors vs. Traders and Precious Metals
May 15, 2013 by Leave a Comment
The precious metals market is but a fraction of the size of the either the stock or bond market and so if even a small portion of either of these markets were to move into precious metals i.e. Gold, Silver or Platinum it could move that market drastically. Many investment advisers recommend having 5-10% of your investment portfolio […]
Fibonacci Clusters Show Important Resistance Level in Gold
May 4, 2013 by 1 Comment
Senior Analyst Jeffrey Kennedy shares techniques that helped spot a trading opportunity. By Elliott Wave International If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts. But have you heard of “Fibonacci Clusters?” Elliott Wave Junctures editor Jeffrey Kennedy shares his charts […]
