Has Silver Delivered An Important Message About Gold? – Gold & Silver Analysis
Gold and Silver are traditionally very highly correlated. When one moves up, the other moves up, and vice versa. They may not move the same percentages, but the directionality is typically identical. During Silver’s recent capitulation move to below 12 cents per ounce, a level last seen in Jan 2009, Gold stayed above 1450. If Silver’s “capitulation” is finished, and that idea is supported by the fact that it has already rallied 28% from that low, why would gold puke out now?
And yet, those “mainstream” Elliotticians continue to be deadly bearish with their Gold wave count because they think they saw five waves down from 2011 thru 2015. The time to consider the possibility that that was not a 5-wave down structure is WAY overdue, don’t you think? Maybe it was a WXY, or WXYXZ structure. That has been my main wave count all along. Why? Hurst Cycle Analysis. My secret weapon.
A few observations about the markets from Sid – March 19, 2020 after the close:
U.S Dollar Index – Algo Trade Signals and Sentiment Positioning 2020
U.S Dollar Index – Algo Trade Signals and Sentiment Positioning 2020
It’s been another profitable month for our Nightly Algo Report for Premium Plan subscribers here at ElliottWavePlus.com. In this post. we’ll provide an in-depth look at the U.S Dollar Index, and the trade signals that our proprietary momentum algorithm has been producing. Remember, this is just one of twenty popularly traded items covered for our Premium Plan subscribers, who receive screenshots every evening (M-F), along with a summary “check list” PDF. Click here for a complete list of items covered.
Educational Resources Available To Everyone
Here’s a look into the most recent weekly “counts” webinar from ElliottWavePlus.com. During this week’s introduction, Sid talks about many of the free resources available at the site.
