Trading Gold with Precision Timing!
In late May of 2019, while other market forecasting services were suggesting that gold would continue further to the downside, Sid was bullish. Those other forecasters remained bearish until gold broke out above the 2016 high. What good did that do anyone? Now, with gold only about 5% percent above that 2016 high, those other guys are very bearish on gold once again. Why? Because Elliott Wave theory, when used alone, is dangerously subjective. However, when Elliott Wave is combined with a dissimilar but equally robust methodology (like Hurst Cycle Analysis), a different forward roadmap often emerges.
Video Highlight from Sid’s May 29, 2016 “Counts” Webinar – featuring GDX
The following is a two-minute video clip highlight from my May 29, 2016 “Counts” Webinar. This clip features coverage of GDX. Please join me for my Weekly “Counts” Webinar, where I go over all of my Elliott Wave counts and associated Fibonacci price targets for many of the world’s major stocks markets, commodities, currencies, and […]
Elliott Wave Update on Gold and Gold Miners (GDX) from Sid at ElliottWavePredictions.com
Elliott Wave Update on Gold and Gold Miners (GDX) from Sid at ElliottWavePredictions.com. Click on the charts to enlarge. GDX moved to slight new lows today, but the larger picture is unchanged. A large 18-month cycle trough is imminent in gold miners, and Gold and Silver appear to have already shown five small-degree waves up […]
Highlights from Sid’s Weekly “Counts” Webinar (August 9, 2015)
The video clip below contains highlights from my Weekly “Counts” webinar from three days ago (August 9, 2015). Included are portions of my analysis of the Dow Jones Industrial average, GDX, and the US Dollar Index. ALL of the calls in this video were contrarian against the so-called “consensus trades”, like long dollar, and short […]
Updated Elliott Wave Analysis of ASA by Sid from ElliottWavePredictions.com
Updated Elliott Wave Analysis of ASA by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. Back on July 2nd, I posted a workup on ASA Gold and Precious Metals Limited. Since then, ASA has continued lower, and yesterday reached a significant Fibonacci target of $8.94, where wave 5 blue equaled the net traveled by […]
Elliott Wave Analysis of ASA (Gold & Silver Stocks) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of ASA (Gold & Silver Stocks) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. From Yahoo Finance: “ASA Gold and Precious Metals Limited is ASA a self management investment trust. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in […]
Elliott Wave Analysis of Gold (XK futures contract) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Gold (XK futures contract) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. As many who follow my work know, I’ve been singing a bullish tune on Gold ever since I counted the terminal downward thrust from the burgundy X wave triangle complete in November 2014. As the weekly chart […]
Technical Analysis of Silver Wheaton Corp. (ticker: SLW) by Sid from ElliottWavePredictions.com
Technical Analysis of Silver Wheaton Corp. (ticker: SLW) by Sid from ElliottWavePredictions.com. Silver Wheaton (SLW) is showing clear signs that it’ll be producing a 5-wave, non-overlapping Elliott Wave impulse to the upside from its November 11 low. The 60-minute chart really tells the tale, as an almost unmistakeable wave 4 (pink) triangle is forming. The […]
Elliott Wave Analysis of ASA Gold & Precious Metals Ltd by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of ASA Gold & Precious Metals Ltd by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. As I mentioned in my last post about precious metals and the Aussie/Dollar, ASA Gold & Precious Metals Ltd (ticker: ASA) has long been utilized as a proxy for the precious metals and miners sectors […]
Elliott Wave and Associated Fibonacci Analysis of the AUD/USD Currency Pair (by Sid from ElliottWavePredictions.com)
Elliott Wave and Associated Fibonacci Analysis of the AUD/USD Currency Pair (by Sid from ElliottWavePredictions.com). The Aussie is nearing a area of strong support. Since Gold and the Aussie are often highly correlated, Gold could easily follow a similar roadmap. Often, the stock “ASA” can be used as a proxy for Gold. See the potential […]