"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •196 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 949.70 | +4.20 | +0.44% |
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WTI Crude •10 mins | 80.36 | +0.32 | +0.40% |
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Gasoline •10 mins | 2.167 | +0.008 | +0.35% |
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Ethanol •196 days | 2.161 | +0.000 | +0.00% |
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Silver •196 days | 30.82 | +1.16 | +3.92% |
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Silver • 196 days | 30.82 | +1.16 | +3.92% | |
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Copper • 196 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 82.30 | +0.27 | +0.33% | |
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Natural Gas • 14 mins | 4.084 | +0.001 | +0.02% | |
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Heating Oil • 11 mins | 2.633 | +0.019 | +0.74% |
Markets / Other
Market Letters Digest
The past issues usually have a blurb on describing Elliott Wave, and here is one briefer note. Impulsive waves can move upwards or downwards. The chart below shows what an…
Gold and the Dollar - Current Market Situation
The only surprise so far is that the drop in the gold price to test support at 370 occurred over the space of 2 days rather than 2 weeks. This,…
Where Is Support Likely to be Found This Week?
Given the sharp downside penetration on Friday there is a possibility of further weakness early next week, so we should be prepared for this. Here is where the weekly gold…
An Elliott Perspective on the DOW
As explained last Thursday the above pattern is a weak structure. This is irrespective of the quickness of the up move from March 12. If this was a strong move…
The Nature of Change
I have been thinking about change a great deal the past few months. I have been researching the academic literature on the psychology of investing for my book and the…
Gold - The Weekly Perspective
This week saw the hesitation of the market faced with the prospect of new price levels, the sidelining of the speculators, holding firm, but not making waves, and the physical…
Tipping Point?
I have argued that the Death of King Dollar "changes everything." The late nineties presented an atypical environment conducive to a major Dollar Bubble. A dysfunctional dollar reserve global financial…
An S&P 500 Cyclical Bull?
The classical definition of a bull market is a 20%+ gain in a major asset class over a time period greater than one year. A sub-20% move in a single…
The Fed, Stocks & Those Wonderful Metals
The Federal Reserves policy of ease has different meanings depending on the demand for funds. Heavy demand for funds with a fixed interest rate requires that heavy amounts of reserves…
An Elliott Perspective on the DOW
The obvious conclusion in the above chart is that each subsequent fractal has less momentum and that the DOW is in fact weakening. The last fractal is in red lines.…
