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Metals Archives | Page 28 of 31 | Elliott Wave Analytics

  • Bullish Gold Technicals
    By on April 14, 2012 | 439 Comments439 Comments  Comments
    Gold has been weathering some considerable selling pressure lately, which has naturally turned sentiment quite pessimistic.  Bearish commentary abounds, with all kinds of predictions for further declines.  But as is usually the case after any material selloff spooks traders, gold’s technicals ar...
  • The Correction Has Started.
    By on April 10, 2012 | 278 Comments278 Comments  Comments
    For the last couple of months we have been writing about the potential for a correction.  That correction, up until now, has remained elusive for a variety of reasons from the ECB’s liquidity injections, psychology, performance chasing and low participation in terms of volume.  However, as ...
  • On Those Gold QE3 Scares!
    By on April 8, 2012 | 274 Comments274 Comments  Comments
    Sellers hammered gold again this week on news from the Fed.  The minutes from its latest FOMC meeting convinced traders the odds for a third round of quantitative easing are waning.  This was the latest in a long line of QE3 scares that have become the bane of gold’s existence.  But they are me...
  • Gold Juniors To Explode?!
    By on April 1, 2012 | 216 Comments216 Comments  Comments
    Over the course of gold’s bull, the companies that explore for and mine this metal have greatly prospered.  The gold-stock sector has thus been one of the top-performing in all the markets over the last 10+ years, and its investors have been richly rewarded.  But this last year or so has been a ...
  • Death Of The Gold Bull Market?
    By on March 27, 2012 | 304 Comments304 Comments  Comments
    Is it time to start dumping your holdings in gold? Has the turning point finally arrived? According to the Financial Times this past week that answer is a yes!. Investors are losing their enthusiasm for gold as signs of improvement in the US economy tempt them away from the traditional haven.  ...
  • Gold Stock Panic Levels!
    By on March 24, 2012 | 2 Comments2 Comments  Comments
    The beleaguered gold stocks have spiraled lower this month, heaping misery on poor fools like me naive enough to invest in them.  Dwindling interest and capital has left this realm a desolate wasteland, I’ve rarely seen anything so deeply out of favor.  In fact, relative to gold the gold stock...
  • Central Bank Balance Sheets Put Gold at $1900!
    By on March 21, 2012 | 47 Comments47 Comments  Comments
    Given the extremely high correlation between central bank balance sheets and the price of gold, it is possible to determine the implied price relative to current debt levels. In doing so, we calculate gold’s “central bank balance sheet value” at around $1900 an ounce. Gold has...
  • If Gold Breaks This Line, Watch Out!
    By on March 16, 2012 | No Comments  Comments
    If gold were to break its 300-day simple moving average currently resting at $1602.44, that could indicate a significant trend reversal only seen once in gold’s 11-year bull market. As you can see below, gold has been in a downward trend since last September after two failed attempts to push ...
  • Gold Not The Automatic Crisis Winner.
    By on March 10, 2012 | 339 Comments339 Comments  Comments
    We are in the midst of turbulent times, and it seems inevitable that things can only get worse. When casting about for a safe investment, it seems that gold is one of a very few areas of safety (and I don’t know what the other ones are); however, when we look at historical charts, it is obviou...
  • PMO SELL Signal: Market Vectors Gold Miners (GDX)
    By on March 8, 2012 | No Comments  Comments
    Market Vectors Gold Miners (GDX) generated a PMO (Price Momentum Oscillator) SELL signal because the PMO crossed down through its 10-EMA. This signal was flagged on today’s ETF Tracker Report.   Positive: PMO SELL signal occurred in recent overbought territory. Double-top formation, ...
  • Part II: Gold Mining Margins
    By on March 4, 2012 | 483 Comments483 Comments  Comments
    The history of gold mining has been well-documented for thousands of years.  And with the demand for this most precious of metals going nearly as far back as human history, miners have ventured to just about every corner of the planet in their quest to find it.  Yet unlike the miners of yore that ...
  • Part II: Junior Gold Producers
    By on February 8, 2012 | 350 Comments350 Comments  Comments
    It only took eleven years, but in 2011 global gold-mine production has finally returned to pre-bull levels.  In fact, with 2011’s volume expected to come in at around 88m ounces, we’ll see a new all-time production high.  The latest exploration-and-development cycle is finally starting to be...
  • Gold: The Technical Rundown
    By on February 7, 2012 | 247 Comments247 Comments  Comments
    Back in August of 2011 as Gold was cresting $2000 an ounce we penned a missive on our website about the pending correction of a “parabolic spike”. That played out well as prices subsequently declined to $1550 an ounce. Just recently we updated that analysis in our weekly newsletter which cov...
  • Gold ETF Mass Exodus
    By on January 30, 2012 | 1 Comment1 Comment  Comments
    Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows.  But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory.  One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the...
  • Dollar To Launch Gold
    By on January 17, 2012 | No Comments  Comments
    Since rocketing to new all-time highs last summer, gold has weathered a major correction.  While that selloff was healthy and necessary given the excessive optimism that catapulted gold to very-overbought levels, a strong US dollar accelerated gold’s swoon.  But with the dollar now as overbought...
  • Cheap Gold Stocks 2.
    By on January 8, 2012 | 373 Comments373 Comments  Comments
    Gold had a tough December, falling 10.5% to grind along near its worst levels since July.  This sparked hyper-bearish sentiment and end-of-gold’s-secular-bull talk.  Naturally gold stocks fared even worse in this rampant gold pessimism, with the flagship HUI gold-stock index plunging 14.7%.  Bu...

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