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Metals Archives | Page 28 of 30 | Elliott Wave Analytics

  • The Dollar, Gold and the Stock Market.
    By on December 14, 2011 | 300 Comments300 Comments  Comments
    Commodity expert Dennis Gartman certainly struck a nerve in the financial community as word hit the street of his call on gold in the latest Gartman Letter(subscription required). Here is the gist, as reported by Bloomberg: “Since the early autumn here in the Northern Hemisphere gold has...
  • HUI Bull Seasonals and Gold Stocks.
    By on November 19, 2011 | 51 Comments51 Comments  Comments
    After updating my gold-seasonality research last week, I heard from traders wondering how it affects gold stocks.  Since the price of gold is their primary driver, gold seasonality naturally has a major impact on gold-stock price levels.  This is readily apparent in the seasonality of the HUI, the...
  • LME Base Metals Warehouse Glut Suggests Recession.
    By on November 18, 2011 | 289 Comments289 Comments  Comments
    Here is an interesting story from a reader about huge stockpiles of metals building up, right here in the US, because of limited demand from manufacturers. Dear Mish, The link below is to a recent article in the New Orleans newspaper, the Times Picayune. I have read a lot about metal stockpiling i...
  • Gold Resumes Its Glitter!
    By on November 17, 2011 | 41 Comments41 Comments  Comments
    Gold has been almost as volatile as the stock market since August. After becoming overheated in July and early August, it plunged $340 an ounce to its low of $1,592 in late September. In one brief period in September it collapsed $214 an ounce in just four days. Not surprisingly that cooled off the ...
  • Gold Bull Seasonals.
    By on November 14, 2011 | 50 Comments50 Comments  Comments
    Gold has just entered its strongest time of the year, embarking on a major seasonal rally.  Naturally this is very bullish for not only this metal, but the companies that wrest it from the bowels of the Earth.  Gold’s well-established seasonality is important for speculators and investors to und...
  • Gold and the Swissie.
    By on November 8, 2011 | 36 Comments36 Comments  Comments
    Lots of things tugging on the price of gold today. For me, the most important factor was the threat of another devaluation of the Swiss Franc. The headlines from the Swiss papers: . . The last time we had headlines like this the EURCHF was 1.05. Not long after it was 1.21. So it’s not surprisin...
  • The Gold Picture In Three Time Frames.
    By on October 23, 2011 | 85 Comments85 Comments  Comments
    Whenever possible it is best to look at a price index in the long-, medium-, and short-term time frames. For me that means analyzing monthly, weekly, and daily bar charts. (Excerpt from the October 21, 2011 blog for Decision Point subscribers.) Click here for FREE TRIAL! First, let’s look a...
  • Gold versus Gold Mining Stocks?.
    By on October 1, 2011 | 49 Comments49 Comments  Comments
    QUESTION:  I have read a lot of articles recently indicating gold miner stocks should go up and outpace gold. So far nothing but a drop in goldminers. Would it be possible for you to show charts of GDX and GDXJ with your comments on one of your daily posts? Thank you for a great website. (Excerpt ...
  • Copper: Red Alert On The Red Metal!.
    By on September 22, 2011 | 58 Comments58 Comments  Comments
    At the end of last year I made predictions (a total of 44) of what might come. So far I’ve got (at least) one right and other dead wrong. I’m worried about the one I’m wrong on. Right -Volatility is going up across the board. If you have the stomach for the swings that are coming across al...
  • Gold Double Top: Start of Correction?
    By on September 17, 2011 | 467 Comments467 Comments  Comments
    Price action over the last month or so for gold appears to have formed a double top that could well be the start of a much needed correction for the yellow metal. (Excerpt from the September 16, 2011 blog for Decision Point subscribers.) CLICK HERE TO SUBSCRIBE! Specifically the chart below sho...
  • Downward Earnings Revisions Next Up!.
    By on September 16, 2011 | 290 Comments290 Comments  Comments
    Economists and Wall Street were first very reluctant to lower their forecasts of impressive economic growth for 2011, last fall expecting growth for the year of 3.5% to 4.0%. Even as the first quarter earnings reports began coming in showing surprising declines across the economy, they pretty much s...
  • Friday Market Review.
    By on September 12, 2011 | 43 Comments43 Comments  Comments
    Lots of technical damage done on Friday across multiple asset classes. From a major move lower in copper reminiscent of the August equity selloff to 60 year lows on 10 year intraday yield a lot happened. Below are a number of charts in no set order. The SPX did manage to find support at the bottom o...
  • The Dollar Remains The Only Essential Currency.
    By on September 12, 2011 | 61 Comments61 Comments  Comments
    The only way to value the dollar is in the context of a mercantilist, export-dependent global economy anchored by a sole “importer of last resort,” the U.S., which funds these vast imports with its fiat currency, the dollar. Yesterday I explained why a gold-backed currency cannot replac...
  • Can Safe Havens Be Risky?.
    By on September 10, 2011 | 60 Comments60 Comments  Comments
    Safe havens have done really well of late. Owners of the Swiss Franc, TLT and Gold have seen their values move sharply higher. When building a portfolio, are there times that investors should look at these safe havens as riskier than normal? Last week I suggested that the Swiss Franc was facing a re...
  • Why a Gold-Backed Currency Doesn’t Work.
    By on September 9, 2011 | 323 Comments323 Comments  Comments
    The demise of the dollar as the grease of global trade would trigger global depression, political instability and the end of the Status Quo everywhere. No wonder it’s still around.Yesterday I set up the historical context for understanding “currency wars” and the key role of export...
  • Deflation, Gold And The 97% Greek One Year Yield.
    By on September 9, 2011 | No Comments  Comments
    Equity markets are up across the board, but particularly Europe following a German court decision that everyone pretty much knew would happen anyway. Please consider German court reins in Berlin on euro crisis. The Constitutional Court in the southern city of Karlsruhe rejected, as expected, a seri...

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