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Gold's Near-Term Stage is Set

Nico Isaac — Mon, 10 Jun 2013 07:00:00

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...

Central Banks Send a Message About the Price Trend of Gold

Bob Stokes — Tue, 04 Jun 2013 16:00:00

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.

Canary in a Gold Mine … Gold Mining Stocks, That Is

Nico Isaac — Mon, 03 Jun 2013 17:30:00

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.

Bob Prechter's Big 5 Warnings for Gold and Silver Investors

Editorial Staff — Tue, 28 May 2013 15:15:00

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.

Myth Busted: Fed Inflating is Bullish for Gold

Editorial Staff — Tue, 28 May 2013 12:45:00

Since mid-2008, the Fed has been inflating the supply of dollars (the “base money supply”) at the unprecedented rate of 33% per year. In 2012, it accelerated its policy by inaugurating a program to monetize government-guaranteed mortgages and Treasury bonds at the rate of a trillion dollars’ worth per year, with no time limit. Precious metals bulls seized upon these facts as guarantees that gold and silver would soar to stratospheric heights. This style of argument would be useful if financial markets obeyed the rules of mechanics, but they don’t.

Myth Busted: Gold is Cheap

Editorial Staff — Thu, 23 May 2013 13:30:00

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.

Gold ETFs Are Forced to Sell

Bob Stokes — Wed, 22 May 2013 16:15:00

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.

The Dispossession of Silver Prices

Nico Isaac — Mon, 20 May 2013 18:00:00

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...

The Gold U.F.O.: Unexplainable Falling Object?

Nico Isaac — Fri, 17 May 2013 17:15:00

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.

Evidence That Gold and Silver Are Not So Precious During Economic Downturns

Bob Stokes — Wed, 15 May 2013 17:30:00

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 ...

If the Fed Stops Easing, Will Gold Start Wheezing?

Nico Isaac — Mon, 13 May 2013 16:30:00

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.

The Personality of Gold's Near-Term Price Action

Nico Isaac — Wed, 08 May 2013 14:00:00

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.

Stunning Chart Shows Gold and Silver Defy Bulls' Optimism

Editorial Staff — Thu, 25 Apr 2013 16:00:00

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.

What Must Prices Do to Confirm A Bottom In Gold & Silver?

Nico Isaac — Wed, 24 Apr 2013 18:00:00

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

FLASHBACK: Gold Bulls' 'Fear of Hyperinflation Badly Misplaced'

Editorial Staff — Wed, 17 Apr 2013 14:30:00

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.

Gold: Will Crash-Like Conditions Continue?

Nico Isaac — Mon, 15 Apr 2013 17:15:00

"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.

Did a Divided Fed Cause Gold's Decline?

Nico Isaac — Wed, 10 Apr 2013 19:00:00

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.

The Near-Term Bases are Loaded in Gold and Silver

Nico Isaac — Wed, 10 Apr 2013 15:15:00

Since April 1, precious metal bears should have been happier than a baseball fan sitting behind homeplate on Opening Day. Because, while that date did begin the 2013 Major League season, it also marked the start of a sizable downtrend that saw gold and silver prices plunge to nine- and eight-month lows, respectively.

Do Alcoa Shares Face An Uphill Battle?

Nico Isaac — Mon, 08 Apr 2013 20:30:00

Alcoa Inc. is the first member listed on the Dow Jones Industrial Average and the world's largest aluminum producer. What's more, Wall Street tends to see Alcoa as the groundhog of corporate America -- meaning, if Alcoa's Q1 earnings see a negative shadow, winter will continue to limit economic growth in general. Yet if Alcoa's Q1 earnings look good, economic spring is upon us.

Is Peak Palladium Upon Us?

Nico Isaac — Wed, 27 Mar 2013 15:30:00

When it comes to precious metals, palladium's volatility makes gold and silver look downright sleepy. The lesser-known silvery-white metal is 30-times more rare than gold. Two countries -- South Africa and Russia -- produce 80% of the world’s palladium. What's more, Russia considers its palladium reserve figures a state secret. (So if we tell you, we’ll have to – well – you get the point).