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 […]
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 & Hurst Cycle Analysis of Silver (XY futures contract), & the US Dollar (DX Index) by Sid from ElliottWavePredictions.com
Elliott Wave & Hurst Cycle Analysis of Silver (XY futures contract), & the US Dollar (DX Index) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. By utilizing a combination of Elliott Wave and Hurst Cycle Analysis, I believe silver will put in a significant bottom in about 3 weeks. As the daily chart […]
Revised Long-Term Elliott Wave Count on Silver (XY futures contract) by Sid from ElliottWavePredictions.com
Revised Long-Term Elliott Wave Count on Silver (XY futures contract) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Upon re-examination of a 100-year (admittedly inflation-adjusted) chart of Silver (shown courtesy of a screenshot of a chart found at Macrotrends.net), it seems most likely that the century-long upward move through 1980 was a […]
Question: From an Elliott Wave Perspective, What do Gold and Silver have in Common Right Now?
Question: From an Elliott Wave perspective, what do Gold and Silver have in common right now? Answer: They have simultaneously arrived at the extreme of wave 2 within their preceding extended 5th waves. Quote from Frost & Prechter, Elliott Wave Principle, 1978-2006, 10th Ed. p 68: (under the heading: Behavior Following Fifth Wave Extensions) “The […]
Elliott Wave Analysis of Silver (XY Futures Contract) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Silver (XY Futures Contract) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Yesterday’s overlap in Silver below the May 2008 high of 22.862 prompted a fresh look back at historical spot silver price data, and the attached chart is the initial result. First, let me say that I’ve […]
Elliott Wave Analysis of Gold and Silver by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Gold and Silver, and an update on the British Pound by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Both Gold and Silver appear to be sporting triangles in the middle of the recent downward movement starting February 28/29. Since triangles cannot appear alone in a wave 2 position, […]
Recap of the last two Weekend “Counts” Webinars by Sid from ElliottWavePredictions.com
Here are a few of the predictions and observations presented druring my last two live Sunday webinars (Feb 5 & 12): 1) I’ve been pounding the table the last two webinars that the best opportunity at the moment right now was in currencies, because of a technical expectation of renewed US Dollar strength. Of the major currency pairs, I felt that the USD/JPY pair […]
