New Gold Incorporated is a mid-tier gold mining company with mining operations in Canada, the U.S. and Mexico. NGD stock made its all-time low of 74 cents per share in December 2008, and its all-time high of $14.15 per share in September 2011. New Gold is one of the holdings in the two most popular gold mining ETF’s, GDX and GDXJ. Its annual revenue is currently about $725 million. Let’s examine a chart of NGD starting at the 2011 high from a technical point of view.
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 the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The “Teflon Euro” has stayed amazingly resilient for a full year now after the initial calls for the end of a multi-year triangle emerged in February 2013. The above wave count shows that the Euro may have one more trick […]
Elliott Wave Analysis of Oil (QM futures contract) by Sid from ElliottWavePredictions.com. Click on the Chart twice to enlarge. Oil may have just finished a blue wave 4 triangle, and if it did, Oil will be shooting to the upside aggressively for probably the next couple of weeks at least. If an upward thrust from […]
Elliott Wave Analysis of the Shanghai Composite Index (SSE) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Shanghai composite Index is showing a number of technical reasons why it may have bottomed last week. For one thing, Wave C black appears to have turned after reaching exact equality with wave A […]
Elliott Wave Analysis of the Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. I’m seeing a possible 4th wave triangle in several US equity correlated items (like the AUD/USD currency pair, for instance), with the terminal upward thrust out of the triangle either complete, or nearly so. […]