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Gold May Be on Fire, But a Drone Strike Did NOT Light the Keg

by Nico Isaac
Updated: January 08, 2020

Q: What's the Best Way to Miss A Rally in Gold?

A: To Wait on After-the-Fact Stories That Link Big Price Moves to "Big News" Reports

Chart of the Day just showed you a case-in-point of how this happens: After gold began to rally, financial news said military action was the cause. Backwards reporting like that happens all the time, for virtually all big financial market moves.

You also saw how our Elliott Wave forecasts alerted subscribers before gold's rally (and way before the supposed "cause").

We can help you spot both short- and long-term trend changes -- in Europe, and around the world.

See which service fits your needs best.

European Financial Forecast Service

$69

European Financial Forecast Service is our primary service covering key markets in Europe including the DAX, FTSE 100 and 250, CAC-40, AEX, SMI, IBEX 35, S&P/MIB, Dow Jones Euro Stoxx 50, RTS, CECE Overall Traded Index, euro and more.

Comprises the European Financial Forecast, European Short Term Update and Elliott Wave Theorist.

Global Forecast Service with Europe Focus

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Clear, actionable analysis and forecasts for the world's major financial markets delivered straight to your computer -- including stock indexes, precious metals, forex pairs, cryptos, interest rates, energy markets, cultural trends and more.

Combines the Global Market Perspective, Elliott Wave Theorist and European Short Term Update.

EXCLUSIVE

Forget the Fed -- Watch the Waves

The Federal Reserve, and to a lesser degree the European Central Bank, have dominated the conversation about interest rates lately. But watch our Interest Rates Pro Service analyst Ivo Zhelev apply textbook Elliott waves to forecast the price of the UK's Long Gilt -- and, by extension, UK interest rates -- without a single glance at central bank statements.

Why a U.S. Recession May Foil Economists’ Expectations

A recent survey reveals positive expectations for the economy by a group of "professional forecasters." Learn why you may not want to bet the farm on that expectation. This chart compares leading economic indicators around the time of past recessions with what's going on now.

Gold Mining Stocks Lead Gold Lower: What’s “Fundamentals” Got to Do with It?

In mid-April, gold mining stocks led by VANECK GOLD MINERS ETF turned down from one-year highs to 3-month lows in May. Gold followed, reversing from all-time highs on May 4 to multi-month lows on May 25. We don't need another "fundamental" explanation for why.