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Gold's Near-Term Stage is Set
Why gold prices were set to fall before the June 7 US Nonfarm Payrolls report.

By Nico Isaac
6/10/2013 7:00:00 AM

A lot of financial market watchers have locked on to one main news event: The June 7 US Nonfarm Payrolls report. The problem is -- if you believe the reporting -- the reaction to the news began before the news itself arrived. Take a look...

Filed Under: Elliott wave, Gold, gold futures, precious metals, Traders

Category: Gold and Silver


Central Banks Send a Message About the Price Trend of Gold
Government is the "ultimate crowd" and usually the final group to act on a trend.

By Bob Stokes
6/4/2013 4:00:00 PM

The gold holdings of central banks have reportedly lost $560 billion in value since gold's all-time high in September 2011. Even so, world governments are expected to buy more of the yellow metal in 2013. Learn why government actions may be a signal about the price trend of gold.

Filed Under: all the same market theory, central banks, commodities, Elliott wave, Gold, wisdom of crowds

Category: Gold and Silver


Canary in a Gold Mine … Gold Mining Stocks, That Is
Is the year-long slump in gold mining stocks finally over?

By Nico Isaac
6/3/2013 5:30:00 PM

Gold futures officially entered bear market territory (as defined by a price decline of 20% or more) in April 2013. Whereas -- gold mining stocks have been keeping the seats warm at Monsieur Grizzly's table for quite some time.

Filed Under: Gold, gold futures, precious metals, Traders

Category: Gold and Silver


Bob Prechter's Big 5 Warnings for Gold and Silver Investors
From the April 2013 Elliott Wave Theorist

By Editorial Staff
5/28/2013 3:15:00 PM

Successful market analysis is rooted in irony and paradox. Our gold and silver analysis at the peak two years ago relied heavily on five arguments directly opposed to those offered everywhere else we look.

Filed Under: central banks, Gold, Robert Prechter, silver

Category: Gold and Silver


Myth Busted: Gold is Cheap

By Editorial Staff
5/23/2013 1:30:00 PM

Gold bulls have been saying that gold must be priced far higher if it is to serve as the world’s money. But the September 2011 issue of The Elliott Wave Theorist made a case that gold at $1921.50 was expensive: Those who argue that gold is still cheap might want to consider [this chart], which shows that since 1913, when the Fed was created, gold has achieved four times the gain of the Consumer Price Index.

Filed Under: Elliott Wave Theorist, Gold, U.S. Federal Reserve (the Fed)

Category: Gold and Silver


Gold ETFs Are Forced to Sell
ETFs dispose of 600,000 pounds of the yellow precious metal

By Bob Stokes
5/22/2013 4:15:00 PM

ETF gold holdings peaked in December 2012 and have since contracted. The editor of ETF Trends calls the disposal of over 600,000 pounds of gold so far in 2013 "amazing,' and "incredible." Learn how to get a FREE copy of EWI's Special Gold & Silver Report.

Filed Under: all the same market theory, commodities, Elliott wave, Gold, gold futures, quantitative easing, silver, silver futures

Category: Gold and Silver


The Dispossession of Silver Prices
The price rout of the white metal followed its Elliott wave pattern a 'T'

By Nico Isaac
5/20/2013 6:00:00 PM

The recent selloff in silver kicked into high gear on April 15, when prices plummeted 11% to a two-year low. A strong rebound followed with prices rallying within spitting distance of $25 in early May. And then the floor fell out from under silver once again. In early Asian trading on May 19, silver sank 9% to an intraday low of $20.24, a 32-month nadir...

Filed Under: contracting triangle, Elliott wave, Gold, gold futures, precious metals, silver, silver futures, Traders

Category: Gold and Silver


The Gold U.F.O.: Unexplainable Falling Object?
There is no conspiracy behind the persistent weakness in gold

By Nico Isaac
5/17/2013 5:15:00 PM

According to a growing number of well-respected sources, the downtrend in gold is a great and artful conspiracy. Yes, they're serious. The 'I smell a rat' notion stems from the widely-held belief that prices in major financial markets do not suddenly fall off cliffs. Gold is not supposed to be as volatile as lesser commodities, but instead be an insurance against panic.

Filed Under: Elliott wave, Gold, gold futures, precious metals, Traders

Category: Gold and Silver


Evidence That Gold and Silver Are Not So Precious During Economic Downturns
History reveals that precious metals perform poorly during recessions and depressions.

By Bob Stokes
5/15/2013 5:30:00 PM

It's often said that gold and silver "always" go up during hard economic times. But you might be surprised to learn what the historical evidence says about this widely held belief. Let's start with gold ...

Filed Under: Elliott Wave Theorist, Gold, precious metals, Robert Prechter, silver

Category: Gold and Silver


If the Fed Stops Easing, Will Gold Start Wheezing?
The answer is in central bank charts of gold prices and stimulus initiatives since September 2011.

By Nico Isaac
5/13/2013 4:30:00 PM

Ask a mainstream economist about the relationship between central bank monetary policy and precious metals, and you'll hear something like: A hawkish Federal Reserve is to gold prices what kryptonite is to Superman. End the money printing and low interest rates, and you take the gravity-defying power out of gold.

Filed Under: central banks, Gold, quantitative easing, stimulus package, U.S. Federal Reserve (the Fed)

Category: Gold and Silver


Soybean Prices: Sticking Out Their Neck(line)
3 real-world examples of how the head-and-shoulders pattern anticipates dramatic price moves

By Nico Isaac
5/10/2013 6:00:00 PM

You've probably never heard the words "Mint Chocolate Chip" and "Head-and-Shoulders pattern" uttered in (nearly) the same breath. But for EWI's senior commodities analyst and Futures Junctures Service editor Jeffrey Kennedy, those apparently unrelated phrases do indeed have something in common -- namely, they are two of Jeffrey's favorite things in the whole wide world:

Filed Under: cotton futures, Daily Futures Junctures, Gold, head and shoulders pattern, Jeffrey Kennedy, soybean futures, soybean oil, technical analysis

Category: Commodities


The Personality of Gold's Near-Term Price Action
The May 7 Elliott Wave Junctures presents intermarket analysis of several gold related securities

By Nico Isaac
5/8/2013 2:00:00 PM

The Wave Principle reveals the trends that unfold in clear and observable patterns on the price charts of each financial market. From far away these patterns can easily lose their distinctive markings. But up close, each one leaves a discernible "fingerprint," which seals its identity. And, in the May 7 Elliott Wave Junctures, Jeffrey Kennedy reveals how the price action in five gold-related issues fits the personality of one kind of move.

Filed Under: Elliott wave, elliott wave junctures, Gold, Jeffrey Kennedy

Category: Gold and Silver


Stunning Chart Shows Gold and Silver Defy Bulls' Optimism

By Editorial Staff
4/25/2013 4:00:00 PM

Gold and silver have been all over the financial news in recent weeks. A three-day tumble in mid-April pushed prices lower by as much as 31% and 56%, respectively, off their 2011 highs. The chart below shows EWI's forecasts not only in the past month ... but during the past three years of opportunity.

Filed Under: Elliott Wave Theorist, financial forecast, Gold, precious metals, Short Term Update, silver

Category: Gold and Silver


What Must Prices Do to Confirm A Bottom In Gold & Silver?
And what (or who) is responsible for the April 12-15 crash in precious metals?

By Nico Isaac
4/24/2013 6:00:00 PM

From April 12 through 15, gold and silver prices fell 14% and 18% respectively, in the largest such decline in precious metals in three decades. In the aftermath, the mainstream speculation about why gold and silver plunged has shifted from what to whom. Here, the recent news items below name several people of interest in a possible conspiracy to take the bullish wind out of precious metals' sails

Filed Under: Elliott wave, Elliott Wave trading, fundamental analysis, Gold, precious metals, silver, Traders

Category: Gold and Silver


The Growing Case for Global Deflation
Prepare for a major worldwide economic contraction.

By Bob Stokes
4/24/2013 4:30:00 PM

The evidence for global deflation continues to build. Consider the recent plunge in the prices of commodities and Treasury Inflation-Protected Securities (TIPS). Plus, the International Monetary Fund recently warned that ...

Filed Under: commodities, crude oil, deflation, economic indicators, Elliott wave, Gold, inflation, International Monetary Fund (IMF), silver, stock indexes, Treasury bonds

Category: Global Markets


(Audio) Q&A: Robert Prechter on the Fed, Inflation, Gold and More

By Editorial Staff
4/22/2013 1:30:00 PM

The figure here shows gold and silver prices for 2012 with the dates of the Fed’s unprecedented announcements. Both times, metals bulls got everything they hoped for and feared. Yet both markets peaked shortly after the first announcement, and they fell hard from a lower peak starting the very hour that Fed Chairman Ben Bernanke confirmed the start of his program to more than double his inflating from an already unprecedented rate. During that hour on Dec. 12, from 1:30 p.m. to 2:30 p.m., Robert Prechter was on the phone doing an interview with GoldSeek radio.

Filed Under: Gold, interview, Robert Prechter

Category: Classic Prechter


Prechter: "I'd Love to Turn Long-Term Bullish Again"
The next buying opportunity is going to be the one of a lifetime.

By Bob Stokes
4/17/2013 4:45:00 PM

Hindsight shows that Robert Prechter's August 1983 then-radical forecast of a "once-in-a-generation money-making opportunity" did happen. Yet that was a two-part forecast, so this question remains: Is the "biggest financial catastrophe" that Prechter foresaw still unfolding, or has the Fed confined the damage to the 2007-2009 financial crisis?

Filed Under: all the same market theory, Bear market, bull market, consumer confidence, consumer price index, deflation, Elliott Wave Theorist, Gold, Robert Prechter, soverign debt crisis, U.S. STOCK MARKET, unemployment

Category: Classic Prechter


FLASHBACK: Gold Bulls' 'Fear of Hyperinflation Badly Misplaced'
From the September 2011 Elliott Wave Financial Forecast

By Editorial Staff
4/17/2013 2:30:00 PM

Silver is down 56% since its peak on April 25, 2011, while gold is down 31% from its top on Sept. 6, 2011. Both metals are moving in line with EWI's forecast from the September 2011 issue of The Elliott Wave Financial Forecast, which published within two weeks of gold’s peak at $1921 an ounce. Here's an excerpt from that issue.

Filed Under: financial forecast, Gold, silver

Category: Gold and Silver


Gold: Will Crash-Like Conditions Continue?
"Take a step back. We've broken support. We're well below it. It's a key shelf. Unless you rally and close back above this 1520-1535 zone, you've got to be bearish looking for lower prices."

By Nico Isaac
4/15/2013 5:15:00 PM

"Crash-like conditions," "panic selling" – those are just two phrases used to describe the massive sell-off underway in gold since Friday, April 12. On Monday, April 15, gold prices plummeted 10% in their biggest single-day decline in three decades.

Filed Under: copper futures, Elliott wave, Elliott Wave trading, fundamental analysis, futures trading, Gold, gold futures, platinum futures, precious metals, silver, technical analysis, trade targets, volatility

Category: Gold and Silver


Did a Divided Fed Cause Gold's Decline?
The answer is in central bank charts of gold prices and stimulus initiatives since September 2011.

By Nico Isaac
4/10/2013 7:00:00 PM

Ask a mainstream economist about the relationship between central bank monetary policy and precious metals, and you'll probably hear something like: Stimulus is to gold prices what doping is to Lance Armstrong's cycling speed. Stop the money printing and low interest rates, and you slow down gold's gains.

Filed Under: banks, central banks, Elliott wave, Federal Open Market Committee (FOMC), Gold, inflation, precious metals, quantitative easing, Traders, U.S. Federal Reserve (the Fed)

Category: Gold and Silver


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© 2013 Elliott Wave International

The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.