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Gold: The "Safe Haven" That Never Was

Nico Isaac — Mon, 29 Dec 2008 03:00:00 ET

The list of 2008's Ten Biggest Financial Shockers is in. Topping the charts: The "bewildering" performance of Gold Prices. Get the full story today...

Arsenic And Old Base Metals: Next Victim, Copper (VIDEO)

Nico Isaac — Thu, 04 Dec 2008 05:00:00 ET

From its July 2008 all-time peak, copper prices have plummeted 60% -- leading the way in tthe worst base metals collapse since the Great Depression. As for seeing the red metal's reversal BEFORE it began, EWI's Senior Metals Analyst Mike Drakulich has the honor.

GOLD: Not the "Safe Haven" You Think It Is

Nico Isaac — Mon, 17 Nov 2008 04:30:00 ET

According to mainstream economic wisdom, gold prices rise during economic downturns. By this logic, precious metals are set to become the most successful "recession/deflation" hedge in history. Or -- is it? The latest Elliott Wave Theorist has the answer no one else does...

(Update) Will GOLD Provide Shelter From The Storm?

Nico Isaac — Fri, 24 Oct 2008 04:15:00 ET

If ever there was a time for the “Safe-Haven” lure of precious metals to surface -- now, yesterday, even seven months ago when the Bear Stearns’ bailout launched the historic reshaping of Wall Street -- would have been it. Yet -- gold prices have officially entered bear market territory right alongside equities.

Why Are Gold Prices Falling? Hint: It’s NOT Because Of the Dollar

Nico Isaac — Wed, 15 Oct 2008 04:00:00 ET

Unless you're about 80 years old, the United States economy is undergoing the worst downturn in living memory. Yet -- from its March 17 record peak, GOLD prices have plummeted more than 20%. Two words: What "Safe Haven"?

Will Gold Provide Shelter From The Storm?

Nico Isaac — Tue, 23 Sep 2008 05:00:00 ET

As the stock market continues its violent 400-point swings back and forth, one question floods the minds of investors across the country: Where is a secure place to park my money, besides the floor boards? And, like a broken record, the conventional wisdom repeats, “Gold, gold, gold…” Are they right?

Why Is Silver Falling? Hint: Look At Economy (Part II)

Vadim Pokhlebkin — Thu, 18 Sep 2008 11:00:00 ET

Gold and silver are traditionally considered to be a hedge against bad economic times. Put another way, precious metals go up when the economy goes down – or so says the conventional wisdom. But, as it’s often the case with various bits of conventional economic wisdom, this one also begins to show cracks the moment you look at some historic charts...

Silver Elliott Forecast Says 'Watch Out!'

Nico Isaac — Mon, 15 Sep 2008 09:30:00 ET

News Flash: From their March 17 peaks, Gold has plunged 27% to a one-year low, while silver has lost nearly half its value in a violent selloff to two-year lows. While a bearish bullion forecast was entirely "alien" to the mainstream experts back in March, it was every bit familiar to Elliott Wave International's team of analysts...

Gold: NOT The “Safe-Haven” You Think It Is

Nico Isaac — Fri, 05 Sep 2008 02:30:00 ET

According to mainstream financial wisdom, when the plane of the U.S. economy runs out of fuel in mid-air and starts hurtling toward the earth’s surface, investors do have one parachute of safety: Precious Metals. Think again...

Will Tonight Be A Historic Night for Silver?

Mike Drakulich - Senior Metals Analyst — Fri, 15 Aug 2008 01:00:00 ET

EWI Senior Metals Analyst Mike Drakulich published the following urgent message to his Metals Specialty Service subscribers at 8:57 p.m. Eastern time Thursday, Aug. 14. Since then, he has added multiple chart-filled intraday updates, including detailed near-term forecasts for gold and silver.

Gold at $801 (Video): Why Is Price Falling?

Vadim Pokhlebkin — Tue, 12 Aug 2008 07:15:00 ET

On August 12, gold and silver hit the lows they've not seen in almost a year: Gold dropped to a low of $801 an ounce in the intraday trading, and silver fell towards $14. Why? Watch this free video for an Elliott wave perspective.

Will GOLD Provide Shelter From The Financial Storm?

Nico Isaac — Tue, 22 Jul 2008 04:15:00 ET

There’s just ONE little problem with the notion that gold moves counter to stocks and equities: It’s about as structurally sound as a sinkhole. And, in the Monday, July 21 Short Term Update, our analysts proved this point once and for all via the following myth-blasting close-ups...

Gold In A Freefall: Make-Or-Break Time

Nico Isaac — Mon, 23 Jun 2008 04:30:00 ET

On June 20, Elliott Wave International’s Metal's Specialty Service gave the GOLD “Bears the benefit of the doubt” and increased the odds for a major “breakdown.” Flash ahead to Monday June 23 and behold: Gold prices dropped like a lead balloon… tied to the end of a falling meteorite in a $30 per ounce slide to fresh, one-week lows.

Is Gold REALLY a Safe Haven in Recessions?

Vadim Pokhlebkin — Thu, 19 Jun 2008 05:45:00 ET

"Gold always goes up in recessions and depressions." Is it true? Should you own gold because you think the economy is tanking? Whenever we hear some claim like this, we always do the same thing: We look at the data. The results speak for themselves...

Flailing For Answers About Gold: Does Anyone Know Anything?

Euan Wilson — Fri, 06 Jun 2008 02:00:00 ET

Everyone's scratching their heads lately at the news. In a first-season episode of The Sopranos that aired almost nine years ago, Tony Soprano's pronouncement that "Nobody knows anything!" still resonates. Anyone listening to the media and expert analyses has heard it all -- Gold's been a hot topic for months now. But who's got it right really?

Gold Prices: How Low Will They Go?

Nico Isaac — Thu, 29 May 2008 05:45:00 ET

Over the last few months, a “perfect (fundamental) storm” for rising gold prices has raged across every financial thoroughfare from Wall Street to Sesame Street. Yet -- the yellow metal has been about as airborne as Big Bird, the giant yellow condor that can’t fly...

Precious Metals: Trying to Board A Moving Train

Robert Folsom — Tue, 13 May 2008 05:15:00 ET

Enthusiasm is not the only contagious emotion, and an emotional surplus nearly always remains long after the price trend has turned -- not only do people end up trying to board a moving train, many don't even grasp that it's moving in the wrong direction....

Gold Prices: Due North?

Nico Isaac — Mon, 12 May 2008 05:45:00 ET

According to the in-crowd, three main coordinates will always point gold prices due NORTH: Economic uncertainty/political unrest, a falling equity market, and a rising oil market. Well, we've got ALL three in spades, YET -- gold prices have plunged 17% from their March 17 peak...

VIDEO: "Gold, Silver: Expect A Bounce, Then – A Devastating Decline"

Vadim Pokhlebkin — Fri, 02 May 2008 06:15:00 ET

It's been exciting to watch Gold and Silver, two of the many markets editor Mike Drakulich covers in his Metals Specialty Service, follow his forecasts so precisely over the past month or so. Just watch this video Mike recorded on April 23, for example -- it will "blow your socks off," as Mike puts it.

3 Ways to React to the Price of Gold

Susan C. Walker — Thu, 01 May 2008 06:45:00 ET

One reaction to the high price of gold is to find a way to turn old dental work with gold into money. But wouldn't you rather have a useful forecast for gold first before you ask your dentist to give you back that old gold crown?

VIDEO: Silver Frustrates Market Participants

Vadim Pokhlebkin — Wed, 23 Apr 2008 05:45:00 ET

Most of the conventional financial analysts remain convinced that what moves market prices are "outside drivers": the Federal Reserve, interest rates, supply, demand, oil prices, you name it – anything BUT the actual collective mindset of traders and investors. Is it any wonder that when none of the "reasons" explain the trend, they feel frustrated?

Why Has Gold Turned Down?

Nico Isaac — Wed, 23 Apr 2008 03:30:00 ET

In case you were wondering: You haven’t gotten taller over the last month. The financial sky is just falling in. Which begs the question: Why have gold prices been going down?

Video: Gold, Silver Following Elliott Wave Script Perfectly

Vadim Pokhlebkin — Fri, 18 Apr 2008 05:15:00 ET

Here is a free video EWI's own Mike Drakulich released inside his Metals Specialty Service on April 9. Watch it, compare the roadmap outlined in it with the actual market action since April 9 and see for yourself what Elliott wave analysis can accomplish.

The New Gold Rush: Flash In A Pan?

Nico Isaac — Mon, 07 Apr 2008 04:45:00 ET

“A New Gold Rush Is On,” announced a recent New York Times story. And, while the original 49’ers had covered wagons and shovels, the “08’ers” are combing the seashores and cruising down Route 49 with metal detectors and minivans.

Gold and Silver Analysis Worth Its Weight in … You Know

Gary Grimes — Tue, 01 Apr 2008 05:15:00 ET

A picture is worth a thousand words. And when you look at Bob Prechter’s March 14 Elliott Wave Theorist and see that it includes 11 pictures, 5,532 words and two valuable forecasts for gold and silver, I ask you, how much are Prechter’s forecasts worth to your portfolio?

The Market With the REAL Action This Week

Robert Folsom — Thu, 20 Mar 2008 04:45:00 ET

It's not really surprising that a move of this size would go mostly unremarked upon, especially considering that it was 180-degrees opposite of what was "supposed" to happen. Surely you've heard all the "bullish reasons" why: Precious metals are hot, the U.S. dollar isn't worth spit, investors are spooked and want hard assets, blah, blah, blah. The air has been thick with platitudes because the psychology has been so strong