Have You Lost YOUR Way Amidst Gold's Wild Price Swings?
Since gold's early December high, EWI's Metals Specialty Service has consistently recognized critical price action in gold
By Nico Isaac
1/11/2012 4:15:00 PM
In the final months of 2011, the widely watched "gold bull market" started to adopt its name, literally. Meaning, the price action in gold took on the life of a rodeo bull, swinging and bucking wildly in every direction, hurdling off the pundits one by one. Here's the scene: In early December, gold took the bull by the horns with prices nearing a lofty $1740 per ounce. Three major events were said to keep the hooves firmly planted to the ground
Filed Under: Elliott Wave trading, fundamental analysis, Gold, precious metals, safe haven
Category: Gold and Silver
By Nico Isaac
12/27/2011 3:30:00 PM
According to the famous song -- on the fifth day of Christmas, "my true love gave to me five golden rings." So, on the third day of Christmas (December 27, 2011), I'm giving you THREE things to know about the flaunted asset GOLD that completely go against mainstream financial wisdom.
Filed Under: fundamental analysis, Gold, recession, safe haven, Wall Street
Category: Gold and Silver
By Alexandra Lienhard
12/16/2011 11:30:00 AM
The video clip below is from Robert Prechter's recent presentation at the New Orleans Investment Conference. Enjoy the complimentary video where Prechter explains the correlation between the U.S. stock market and silver.
Filed Under: silver hedge myth, Robert Prechter, video, financial forecast
Category: Gold and Silver
Have Gold Prices Gone "Rogue"? Not Exactly
EWI's Metals Specialty Service reveals that gold's seemingly chaotic sell-off actually fits within the Elliott wave rules and guidelines
By Nico Isaac
12/14/2011 3:15:00 PM
According to a December 6 Financial Times, "gold has been a conundrum in the past couple of months." Namely, gold prices have fallen despite a slew of "safe-haven" supportive news events. Today, I'm sitting down with EWI's trader-focused Metals Specialty Service to see how gold's recent decline, while puzzling to fundamental analysts, actually falls within the laws of Elliott wave analysis.
Filed Under: contracting triangle, Elliott wave, Elliott Wave trading, Gold, precious metals, Relative Strength Index (RSI), safe haven, technical indicators
Category: Gold and Silver
By Nico Isaac
12/13/2011 3:15:00 PM
Despite its "ultimate safe-haven" status and the worsening European debt crisis, gold has only gone down in December. On December 12, the precious metal plunged more than 3% in its steepest single-day drop in three months. Are gold bulls' days numbered? Well, today (December 13), I am sitting down with EWI's Financial Forecast Service co-editor Pete Kendall to discuss the move.
Filed Under: Elliott wave, Elliott Wave trading, European debt crisis, fundamental analysis, Gold, safe haven
Category: Gold and Silver
By Bob Stokes
12/9/2011 5:15:00 PM
When gold traded below $300 a decade ago, few investors were interested. Now that prices have quintupled, there are countless gold bulls -- even with the precious metal off its high. The Elliott wave pattern of gold prices is signaling a timely message...
Filed Under: Elliott wave, Gold, mania, precious metals, Robert Prechter, silver
Category: Gold and Silver
Aluminum Bears Foiled By Recent Rally. What's Next?
EWI's Metals Specialty Service looks inside the market for signs of a lasting move in "the other white metal"
By Nico Isaac
12/6/2011 5:15:00 PM
While the mainstream financial media continues its round-the-clock gold/silver stakeout, the biggest near-term metals opportunity could be in an entirely unexpected direction. Right now, EWI's Metals Specialty Service has its eyes glued to "the other white metal": Aluminum. Here's what you may know: Since hitting a three-year high in April 2011, aluminum prices have been on the down-and-down, plummeting to a one-year low on November 25.
Filed Under:
Category: Gold and Silver
By Robert Folsom
11/21/2011 11:45:00 AM
This comment begins Robert Prechter's November Elliott Wave Theorist -- and it's an almost-obvious statement of fact: "The vast majority of people who recommend investing in precious metals present them as a hedge against economic crisis."
Yet it's his next sentence that is, shall we say, a bit more provocative...
Filed Under: Robert Prechter, Elliott wave, precious metals
Category: Gold and Silver
Gold: Boldly Going Where It Has Not Gone In a While?
EWI's Metals Specialty Service shows you the near-term trend underway in the world's most watched precious metal
By Nico Isaac
11/9/2011 12:45:00 PM
According to fundamental analysis of financial markets, external news events -- such as newly released economic data or newly formed weather patterns -- create market trends. In reality, however, the sequence of events is often WAY out of order. First, a market's price makes a significant move in one direction. And only then do the experts ADJUST the news to FIT said move AFTER the fact.
Filed Under: Elliott Wave trading, Gold, technical indicators
Category: Gold and Silver
Gold's Recent Uptrend: Bona Fide OR Bona Fraud?
EWI's Metals Specialty Service explains what gold must do to start entertaining a bullish outcome
By Nico Isaac
10/27/2011 3:30:00 PM
Today, I'm talking with EWI's Metals Specialty Service editor Mike Drakulich about the recent volatile price action in the world's most watched precious metal: gold. In this compelling interview, Mike reveals the analytical process he took to stay "downwind" from gold's near-term scent.
Filed Under: Elliott Wave trading, Fibonacci, Gold, Relative Strength Index (RSI)
Category: Gold and Silver
By Nico Isaac
10/18/2011 3:30:00 PM
For silver, September 2011 was one for the record books. It all started on September 22, when the enduring ascent of silver prices came to a screeching halt. In just 5 days that followed, the metal experienced its sharpest dollar-decline in 32 years, all the while erasing 1/3 of its value. And, judging from Google news archives, silver's rout hit much of the financial mainstream like a cartoon anvil on the head.
Filed Under: silver futures
Category: Gold and Silver
By Bob Stokes
10/14/2011 4:45:00 PM
You can see on the chart that gold's price did indeed penetrate the upper trendline. Since then prices have reversed back into the trend channel. Where is gold's price headed next?...
Filed Under: Elliott Wave Principle, Gold
Category: Gold and Silver
By Nico Isaac
10/4/2011 4:45:00 PM
September 2011 was like a Wile E. Coyote cartoon for gold and silver. Both metals spent the first part of the month bouncing gradually down a hill. But in the last week, they stepped right over a cliff edge, hung in mid-air for a split second, and then "poof!" a straight freefall to the ground below. Splat!
Filed Under: Gold, safe haven, silver, Elliott Wave trading
Category: Gold and Silver
By Bob Stokes
9/26/2011 5:00:00 PM
Is "gold fever" broken, or do we expect prices to heat up yet again?...
Filed Under: Elliott wave, Gold, gold futures
Category: Gold and Silver
By Nico Isaac
9/26/2011 3:45:00 PM
The giant sinkhole in gold prices keeps yawning wider. Since kicking into low-gear on September 22, gold prices have plunged 9% in their steepest three-day drop in 28 years. On September 23, gold endured a never-before-seen $120/day intraday wipeout. EWI's Metals Specialty Service might have some answers for you...
Filed Under: debt crisis, deflation, Elliott wave, Elliott Wave trading, gold futures, inflation, safe haven, silver, silver futures
Category: Gold and Silver
By Bob Stokes
9/23/2011 10:45:00 AM
Is the historic plunge in silver prices over? Get our latest silver analysis...
Filed Under: Elliott wave, silver
Category: Gold and Silver
By Nico Isaac
9/16/2011 2:45:00 PM
We all know gold right now is hotter than a mustard seed on Mars. In 2011 alone, gold prices have rocketed 30% to all-time highs. And, everyone from housewives to hedge funds is racing to board the gold investment bandwagon. Friday, September 16, the financial blogosphere revealed that the famous real estate mogul Donald Trump just accepted a $176,000 gold bar security deposit for space at his 40 Wall Street office tower.
Filed Under: Robert Prechter, Elliott Wave Theorist, Gold, Robert Prechter, S&P 500, safe haven
Category: Gold and Silver
By Nico Isaac
9/15/2011 3:30:00 PM
On Thursday, September 15, I spoke with EWI's Metals Specialty Service editor Mike Drakulich to discuss which market presents the most compelling opportunity right now. And, of the three major metals he tracks -- gold, silver, and copper -- Mike reveals that the color "white" is shining brighter than the rest.
Filed Under: Elliott wave, Elliott Wave trading, Gold, silver
Category: Gold and Silver
By Nico Isaac
9/7/2011 3:15:00 PM
On Friday September 2, I performed a two-step experiment to determine how well fundamental analysis of financial markets prepares investors for major trend changes before they occur. Step One: Read the mainstream news items regarding the one market that has captured the imagination of everyone from housewives to hedge funds: Gold.
Filed Under: Elliott Wave trading, Gold, Relative Strength Index (RSI)
Category: Gold and Silver
Gold: Near-Term Opportunity as the Day Is Long
EWI's Metals Specialty Service intraday analysis shows gold prices nearing a critical juncture
By Nico Isaac
9/1/2011 2:45:00 PM
When gold investors came knocking on the mainstream "fundamental" door on Thursday, September 1, they were turned away by a sign in the window that read: On Holiday. Come Back Tomorrow. According to the usual experts, the news-movers-and-shakers in gold's backdrop are on hiatus until Friday, September 2 -- when the highly-anticipated US unemployment report is released.
Filed Under: Elliott Wave trading, Gold, Relative Strength Index (RSI)
Category: Gold and Silver