By Nico Isaac
5/23/2012 5:15:00 PM
Over the last 7 months, gold bulls have had their faith severely tested. So far this year, gold prices have shaved 20% off their value since hitting an all-time high in early September 2011. Now for the bullion-dollar question: Is it time for the gold bulls to hand in the towel?
Filed Under: Bob Prechter, Elliott wave, Elliott Wave Theorist, Gold, gold futures, prechter, precious metals
Category: Gold and Silver
By Nico Isaac
5/16/2012 5:30:00 PM
What did 91% of gold traders have in common back in late February-early March? Answer: They were all positioned on the wrong side the market; i.e. they were bullish. But on February 29, the uptrend in gold ended, and since then gold prices have seen a $240-plus freefall to a new low for 2012. As for the 9% who saw the drop in gold coming beforehand -- we can name at least ONE member of that minority group: EWI's Metals Specialty Service.
Filed Under: Elliott wave, Elliott Wave trading, Gold, gold futures
Category: Gold and Silver
By Bob Stokes
5/11/2012 4:45:00 PM
The run-ups in silver and gold since 2008 have many precious metals bulls believing that the pullback in recent months is just temporary. What do we see ahead for these two precious metals? I can say that the charts suggest...
Filed Under: economic depression, Elliott wave, Gold, gold futures, liquidity, market forecasts, platinum futures, recession, silver, silver futures, Traders
Category: Gold and Silver
Robert Prechter Explains The Fed, Part I
The world's foremost Elliott wave expert goes "behind the scenes" on the Federal Reserve
By Vadim Pokhlebkin
9/30/2011 2:15:00 PM
The ongoing economic problems have made the central bank's decisions -- interest rates, quantitative easing, monetary stimulus, etc. -- a permanent fixture on six-o'clock news. Yet many of us don't truly understand the role of the Federal Reserve. For answers, let's turn to someone who has spent a considerable amount of time studying the Fed and its functions: EWI president Robert Prechter. Today we begin a 3-part series...
Filed Under: Club EWI, deflation, Elliott wave, gold futures, monetary policy, monetization, quantitative easing, Robert Prechter, U.S. dollar, U.S. Federal Reserve (the Fed)
Category: U.S. Economy
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 Vadim Pokhlebkin
9/26/2011 4:00:00 PM
Bear markets are cunning beasts. Don't get me wrong -- we are not in the bear market territory yet. At least, not officially. But look at this chart of the DJIA...
Filed Under: Bear market, debt crisis, deflation, Dow Jones Industrial Average (DJIA), Elliott wave, Elliott Wave trading, Gold, gold futures, inflation, Nasdaq Composite, Robert Prechter, S&P 500, safe haven, silver, silver futures, U.S. dollar
Category: Stocks
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 Vadim Pokhlebkin
8/25/2011 1:45:00 PM
On August 24, as gold was falling to its biggest one-day loss in 31 years, one headline said, "DJIA Wobbles, VIX Gains as Uncertainty Rises" -- which raises the question: If gold is supposed to be the ultimate hedge against "uncertainty," how come it's falling when uncertainty is rising? Something strange is going on with gold -- if you go along with the conventional perspective, that is. But then there's the Elliott wave perspective...
Filed Under: central banks, Elliott wave, Gold, gold futures, Robert Prechter, risk appetite, safe haven
Category: Gold and Silver
Gold Touches Important Trendline: What Now?
EWI's intensive Metals Specialty Service brings you unconventional perspectives on gold and silver
By Vadim Pokhlebkin
8/23/2011 4:30:00 PM
Most analysts and investors spend time debating about this or that "fundamental," which did (or maybe didn't) push the price of gold higher (or lower). But there is a more objective way to analyze precious metals: technical analysis. Editor of EWI's intensive Metals Specialty Service Mike Drakulich employs Elliott waves -- which rely on a defined, objective set of rules and guidelines...
Filed Under: copper futures, Elliott Wave trading, futures trading, Gold, gold futures, silver, silver futures, trendlines
Category: Gold and Silver
Gold: Surefire Safe-haven OR "Dangerous Territory"?
Latest intraday forecasts from EWI's Metals Specialty Service reveal why gold's price action now warrants extreme caution
By Nico Isaac
8/9/2011 11:45:00 AM
Over the past few days, the financial world has been wrought with turmoil and turbulence. According to many the mainstream experts, one safe haven from the chaos is gold.
Filed Under: credit rating, Dow Jones Industrial Average (DJIA), Elliott Wave trading, gold futures, safe haven, volatility
Category: Gold and Silver
By Nico Isaac
8/4/2011 3:30:00 PM
On August 3, EWI's Metals Specialty Service editor Mike Drakulich went on high alert to the near-term price action in gold. The number one reason for Mike's call-to-arms came from the following chart below.
Filed Under: Elliott Wave trading, gold futures
Category: Gold and Silver
Gold: Next Stop, The Moon?
Gold topped $1,600 an ounce on July 18, for the first time ever
By Vadim Pokhlebkin
7/19/2011 10:00:00 AM
The mainstream financial press is full of stories about the "fundamentals" that have pushed gold above $1,600 an ounce. (However, note that, as our recent article pointed out, gold's initial push-off occurred despite "bearish fundamentals.") But you didn't come to elliottwave.com for mainstream discussions.
Filed Under: Elliott Wave trading, gold futures, Greek debt, momentum, Relative Strength Index (RSI)
Category: Gold and Silver
By Nico Isaac
7/1/2011 3:00:00 PM
Imagine that the collective US financial community had its very own Facebook page. And then imagine that the following news feed appeared under Recent Activity: "US Investors are now friends with Risk." You better believe there'd be as many "Likes" and "Thumbs Up" in reply to this status update as to a shirtless photo of Brad Pitt.
Filed Under: gold futures, investor psychology, risk appetite, sentiment, silver
Category: U.S. Economy
By Editorial Staff
6/23/2011 4:15:00 PM
Gold's drop caught many investors off-guard, as it plunged an incredible $40/ounce within two trading sessions. But our Metals Specialty Services editor Mike Drakulich discussed just such a potential move during an interview last week.
Filed Under: gold futures, technical analysis, technical indicators, Elliott Wave trading
Category: Gold and Silver
Follow 40+ Global Markets, With One Global Perspective
With more than 60 charts on more than 100 pages, EWI's Global Market Perspective is the most comprehensive source of Elliott wave analysis you'll ever find
By Editorial Staff
6/9/2011 3:30:00 PM
In a global market environment that can be both treacherous and rewarding – it’s vital to have an ally on your journey. That’s where Global Market Perspective comes in...
Filed Under: CAC40, Chinese markets, DAX, Dow Jones Industrial Average (DJIA), Elliott wave, emerging markets, euro, euro/USD exchange rate, europe, eurozone, FTSE, gold futures, Greek debt, Japanese yen, market forecasts, Nasdaq Composite, Nikkei, S&P 500, Shanghai Composite Index, silver, soverign debt crisis, stock indexes, Swiss franc, technical analysis, Treasury bills (T-bills), U.S. dollar, U.S. Treasuries, volatility, yuan
Category: Global Markets
By Bob Stokes
6/7/2011 5:00:00 PM
The key point is worth emphasizing: "central banks are now expanding their gold reserves" after gold has had an incredible run! Learn more...
Filed Under: central banks, gold futures, Prechter's Perspective
Category: Gold and Silver
What Happens When Investors Un-Friend Risk?
Today's chart of the Silver/Gold Ratio shows how a shift away from risk parallels major market peaks
By Nico Isaac
5/23/2011 4:00:00 PM
Imagine that the collective US financial community had its very own Facebook page. And then imagine that the following news feed appeared under Recent Activity: "US Investors are now friends with Risk." You better believe there'd be as many "Likes" and "Thumbs Up" in reply to this status update as to a shirtless photo of Brad Pitt. The reason being...
Filed Under: gold futures, investor psychology, silver, stock indexes, Traders
Category: Stocks
By Nico Isaac
5/17/2011 6:15:00 PM
A recent Financial Times article titled "Commodities Remember Gravity" describes the "cries of panic from commodity traders who had the rug pulled out from under them" in a market-wide free fall led by white-metal-gone-red, silver. (From their April 25 peak, silver prices have plunged 33% in their biggest decline in three decades)
Filed Under: Elliott Wave trading, Fibonacci, gold futures, silver
Category: Gold and Silver
By Bob Stokes
5/16/2011 9:00:00 AM
As I'm sure you know, gold has had an incredible run. The precious metal reached a record high earlier this month of $1577.57 -- that price puts gold six times higher than it was in August 1999. Yet forecasts...
Filed Under: Elliott wave, gold futures, investor psychology, technical indicators
Category: Gold and Silver
Current Echoes of the Old Mania
EWI's May Financial Forecast reveals whether these familiar notes are the sounds of a new bull market
By Nico Isaac
5/11/2011 12:15:00 PM
In the decade leading to the end of the Great Asset Mania in 2007, a rising tide of credit expansion drove many major financial market trends in remarkable harmony. Yet in 2009 this correlation seemed to diverge: stocks, precious metals, and oil moved contra-cyclically. But today, the trend in those markets is aligned once again.
Filed Under: bull market, credit crisis, Dow Jones Industrial Average (DJIA), gold futures, mania, market forecasts, mutual funds, New York Stock Exchange (NYSE), silver, U.S. dollar, U.S. Treasuries, unemployment, Wall Street
Category: Stocks