Updated: July 17, 2017Gold and silver are widely considered classic inflation hedges. But conventional wisdom often does not square with reality. Market observers tend to see what fits with their paradigm. This will change yours.
Updated: July 10, 2017Our Senior Metals Analyst tells you about the importance of the market's price momentum and explains what momentum is saying about the trend in gold.
Updated: June 14, 2017June 14: Fed Day! It's supposedly the one day gold investors can clearly predict the precious metal's next move based on the Fed's hawkish or dovish tone. But history shows gold prices are NOT being led by the Fed at all.
Updated: June 13, 2017On June 9, palladium prices rocketed to their highest level in 16 years. The problem is, there's no clear mainstream reason for the metal's surge. There is, however, a very clear Elliott wave reason.
Updated: June 9, 2017Tom Denham, the editor of our Metals Pro Service, discusses recent price action in gold. You'll also hear his new insights into silver, palladium, copper and more.
Updated: May 19, 2017Tom Denham gives you new insights into the recent price action across the metals markets.
Updated: May 10, 2017Silver stands at a rare juncture. See for yourself how our forecasts kept subscribers one step ahead -- plus, our recent labeled silver chart.
Updated: May 5, 2017Tom Denham tells you why looking at the U.S. dollar, interest rates and politics are the wrong tools when trying to forecast the price action in gold. Here's what's a better indicator.
Updated: May 5, 2017Tom Denham tells you why looking at the U.S. dollar, interest rates and politics are the wrong tools when trying to forecast the price action in gold. Here's what's a better indicator.
Updated: April 21, 2017Tom Denham outlines the Elliott wave patterns he's looking at in copper, aluminum and gold and discusses what these patterns imply for the future of these markets.
Updated: April 20, 2017The real news for silver prices is all about sentiment: Are Silver Traders "Way Too Bullish"? See and hear the evidence...
Updated: April 10, 2017At the start of 2017, China and the U.S. were engaged in a bitter “Aluminum War” – one widely expected to keep the metal’s price under pressure. And yet, since early January, aluminum prices have rallied to a 2-year high. Our take on why might surprise you.
Updated: March 28, 2017After our December forecast, silver closed higher nine weeks in a row and rallied 16%. See it (and more) for yourself.
Updated: March 24, 2017Why it's unusual for gold and silver to have different patterns -- as they've shown lately -- and what that means for the price trends going forward.
Updated: March 8, 2017You may think that investing in gold differs from investing in stocks -- after all, gold is a commodity. Yet, the same investor psychology that moves stocks also moves gold.
Updated: February 28, 2017In December, a "smoking gun" of price manipulation was allegedly uncovered in the silver market. A month later, our analysis showed a different "smoking gun" on silver's price chart: a bullish Elliott wave pattern. (Result: On February 28, silver touched a 3-month high.) See two charts that tell the story.
Updated: February 3, 2017According to mainstream financial wisdom, the Federal Reserve is to gold prices what Gepetto is to Pinocchio: If the Fed raises rates, gold prices fall. But one look at recent events proves the “nose” on this story is getting longer and longer!
Updated: January 19, 2017On Dec. 16, gold traders were more bearish on a longer-term basis than they were in July 1999, when the precious metal was at $252.15. That day, our Short Term Update said, "It's tough to lean against the crowd ... but that's exactly what our analysis suggests is proper at the current juncture." On Jan. 17, gold hit a 2-month high.
Updated: December 27, 2016No trader wants to be "left behind" when a financial market takes off. But many traders jump aboard a trend just when it's on the cusp of a reversal. Silver is a case in point, for bull and bears.
Updated: December 19, 20162016 has been a year of shocks. And for many gold bugs, that includes the unrelenting downtrend that gold prices have endured since June. According to the experts, gold was supposed to be soaring, not sputtering. So, what happened?
Updated: December 8, 2016Bearish hedge fund managers were woefully caught off guard in December 2015 when gold launched a 31% rally into July of this year. By contrast, we told subscribers that a sharp rally was imminent right at the low. Now, gold's price appears to face another key juncture.
Updated: November 22, 2016Bullish sentiment among silver traders recently fell to 8 percent, the lowest reading since mid-2015. So, sentiment is in the right place for the next big leg in the price pattern.
Updated: November 10, 2016In the past month, gold saw a big spike in volatility. Commentators pointed to the U.S. presidential election as the cause. But Elliott wave analysts made a forecast for volatility in gold when the CBOE Gold ETF VIX index had been trending lower, and made no mention of the election. Here's what we saw.
Updated: November 1, 2016On October 28, gold prices took off to the upside in a powerful surge, despite ongoing expectations of a rate hike by the Fed. Turns out, mainstream analysis of the yellow metal is pressing all the wrong buttons.
Updated: October 13, 2016On September 21, a perfect bullish storm brewed in the fundamental backdrop of platinum. And yet, on September 23, platinum turned down in a vicious sell-off to six-month lows. Let us offer you an explanation you won’t read in the mainstream.
Updated: October 7, 2016The forecast low we labeled ten months ago has proven itself -- because a primary wave rally has indeed unfolded thru most of 2016. What's next?
Updated: October 6, 2016On October 4, gold prices crashed $40-plus per ounce in their steepest single-day drop in three years. Many cited "hawkish" Fed comments for pulling the rug out from under gold. But that only explains the metal's fall after the fact. What really happened?
Updated: September 1, 2016In late 2015, the mainstream experts were certain of one thing: The Federal Reserve’s first rate hike in nine years was set to drive a stake through the heart of silver’s upside potential. And yet, the white metal took off in December on a 50%-strong, 7-month-long rally to multi-year highs. This story is worth the wait!
Updated: August 24, 2016For the year, the DJIA is up about 7%. Gold prices rose 28% between January and July. How did gold become one of this year's best performers? For answers, take a look at this chart.
Updated: August 15, 2016Which precious metal has outperformed all others in 2016? You might think gold or silver. But the real answer is... palladium. Turns out, this metal underdog has one factor to thank for its incredible bull run… See for yourself.
Updated: August 12, 2016Metals Pro Service editor Tom Denham knows how important it is to stick with a trend once you’re in it. Tom also notes that Elliott lets you fine-tune turns as the trend matures. A 9-minute subscribers-only video; initial 1:52 available to the public.
Updated: August 10, 2016Here's what we can learn about silver's price trend, from two different groups of traders.
Updated: July 14, 2016Lately, copper's identity has been swinging back and forth from "precious" metal to "industrial" metal and back again. It's enough to make investors feel crazy! But in our opinion, there's a very clear method to copper's seeming "madness" -- one seen through the eyes of Elliott wave analysis.
Updated: July 7, 2016From June 23 to July 4, silver prices exploded upwards, soaring 16% to a two-year high. According to the mainstream experts, the Brexit vote was a main catalyst for the white metal's winning streak. But there's much more to this story that they aren't saying.
Updated: June 20, 2016In December 2015, the fundamental experts gave gold's future two, enthusiastic thumbs-down. And yet, from a six-year low, gold prices turned up, rallying 20% to a 22-month high this June. Turns out, there's more to this market than meets the fundamental eye.
Updated: June 3, 2016Our Senior Metals Analyst explains the real - or perceived - relationship between gold and the U.S. dollar.
Updated: May 24, 2016On May 4, we were right alongside the mainstream experts with a bullish outlook on gold -- save for one "critical" difference. Our analysis identified a critical support level that, if breached, would tilt the odds in favor of a major decline. And that has made all the difference.
Updated: May 11, 2016Even professional investors tend to get aboard a trend just when it's about to turn. Such is the case with gold. But analysis that's independent from the prevailing sentiment can keep you ahead of important financial turns. Take a look at these two charts.
Updated: April 27, 2016On April 11, copper prices took step one of a powerful rally that launched the red metal to one-month highs -- despite a raft of bearish data that pointed the market in the opposite direction. Makes you think something else is at work!
Updated: April 21, 2016Tom Denham talks about recent price action in gold and silver.
Updated: April 1, 2016Gold's price trend has baffled investors at almost every turn. Even going back to gold's 2001 low of $255, one major publication called the precious metal "tarnished!" Gold's price went up 653% from there! Today, gold's wave pattern is clear, and Elliott-minded investors are benefitting.
Updated: March 24, 2016On March 10, gold prices turned down from a 13-month high to embark on the 11-session sell-off we see today. The problem is, the metal's downtrend fits nowhere into the mainstream picture. It does, however, fit into the Elliott wave one.
Updated: March 23, 2016Tom Denham, the editor of our Metals Pro Service, explains to ElliottWaveTV's Dana Weeks why he thinks the uptrend in gold will continue.
Updated: March 22, 2016Gold has been hailed as "the biggest story of this year" lately. And to think that just in December, pundits were saying that gold had "lost its luster"! How did the mainstream miss this sleeper opportunity? This video gives you an answer.
Updated: March 7, 2016Fed up with earning next to nothing on your bank deposits? It could be worse. Some depositors are actually paying for the privilege. Here's an idea for protecting your hard-earned money.
Updated: February 19, 2016In December, most money managers hated gold. But the Wave Principle said gold was going higher. On Feb. 11, the yellow metal hit a one-year high. Now is the time to position your portfolio for gold's next big move.
Updated: February 17, 2016Are you curious about spotting market turns? Our metals analyst uses the Wave Principle throughout every trading day to help his subscribers spot important changes in trend.
Updated: February 16, 2016It's been conventional wisdom for decades: Gold is a "fear hedge." And yet, like many other market myths we've written about, this one is also just that -- a myth. Look at this chart, decide for yourself.
Updated: February 11, 2016It's tempting to say that gold is up 16% YTD "as investors are seeking a safe haven." Problem is, this (very logical) explanation tells you little about where gold might go tomorrow. Elliott wave analysis, on the other hand, does.
Updated: February 11, 2016Professional investors made a huge bet against gold in December. We took the opposite stance. Money managers are now licking their wounds. The price of the yellow metal has climbed north of 22%. Position your portfolio for gold's next big move.
Updated: February 8, 2016On Feb. 8, U.S. and global stocks had a rough day. And what, says the conventional wisdom, "reliably" goes up when markets are "uncertain"? That's right: gold. But here's something you should know...
Updated: January 29, 2016The conventional wisdom says that the Fed's decision to leave rates unchanged triggered a jump in gold to a 12-week high. But does the central bank's policy really drive the price of gold? See how the Wave Principle helps us to forecast gold.
Updated: January 28, 2016Our senior metals analyst tells you about the indicators that help with forecasting gold's intraday moves -- and explains why it's an "exciting time" for gold traders right now.
Updated: January 8, 2016chart of the day | We follow a lot of financial markets, yet the sentiment we see at work in gold continues to be compelling. Here, you see two charts of gold sentiment: from December 21 and January 4.
Updated: January 6, 2016On January 6, gold prices rallied to a 2-month high. But before you say "North Korea," know this: Elliott wave analysis foresaw gold's uptrend before the "H-bomb" went off.
Updated: December 21, 2015Many speculators believe that the price of gold is headed down. See a chart that shows what happened with gold during other times when sentiment was extremely negative. Another chart addresses the widespread belief that rising interest rates are bearish for gold.
Updated: December 18, 2015The U.S. Federal Reserve's December 16 rate hike was interpreted by gold bulls the world over as a virtual lightsaber through the heart. But as recent history proves: The "force" behind gold prices isn't the Fed...
Updated: December 8, 2015Here's a weekly chart of gold, covering the past five years: You can see that, from the peak high in 2011, gold's price trend has moved in a series of waves lower, recently down to levels last seen in 2010 ... So, what's up with those green arrows?
Updated: December 4, 2015This week served us two examples of the same Elliott wave pattern foreshadowing a big rally in two major markets: first, the euro -- and now, gold.
Updated: November 23, 2015Copper's uses are so widespread that earned a nickname for "diagnosing" the economy -- as in, "Dr. Copper." Well, Dr. Copper's prices have not been doing that great. On Nov. 23, MarketWatch reported that, "Copper futures slumped to six-year lows..."
Updated: November 16, 2015chart of the day | This is a daily chart of spot gold prices, as the action stood on November 9, one week ago. Here are a couple of things that make this chart interesting. First, we see four completed waves of what we expect to be a five-wave pattern. Second...
Updated: November 4, 2015On October 27, one day before the latest Fed meeting wrapped up, gold prices flexed their bullish muscle, soaring to $1180 per ounce. Many experts did not see the Fed's coming decision as a threat for the rally. And then this happened.
Updated: October 19, 2015Should you buy gold mining shares if you're bullish gold? Two charts and accompanying commentary provide valuable perspective.
Updated: October 16, 2015Here's the what: On October 9, zinc and lead stole the metals show by staging powerful rallies from five-year lows to multi-month highs. As for the why -- well, there's two sides to that story...
Updated: October 12, 2015Gold's price had been turned back by a line of resistance on several occasions since May. But something significant happened on October 9 that every gold investor should know about.
Updated: September 22, 2015chart of the day | Two groups of futures and options traders, their activity in the gold futures market, and why (as usual) the extremes are extremely relevant.
Updated: September 18, 2015Question: Why did gold prices rally to a two-week high on September 18? Hint: The answer does NOT include one specific "F" word; namely, the "Federal" Reserve's recent "no" vote to raise rates.
Updated: August 28, 2015The story goes like this: First, gold prices soar as global stock markets crash. Then, gold prices plunge as global stock markets... crash? It's time for a different version of events...
Updated: August 18, 2015For the first time since 2006, speculators are shorting gold. Sentiment was also extremely negative around the time of gold's low in 2001. A 10-year bull market followed.
Updated: August 14, 2015On Thursday, August 13, gold's price soared to a near one-month high. But before you thank the yuan's devaluation for the precious metal's rally -- you should definitely read this report...
Updated: July 22, 2015When platinum prices plunged to a 6.5 year low on July 17, the mainstream experts blamed the Fed's anticipated rate hike. But that kind of logic is nowhere near inside the right orbit.
Updated: July 21, 2015If you live in the U.S., maybe you've noticed lately that "We Buy Gold!" signs are disappearing from sidewalks in front of pawn shops. The signs really began popping up in 2010-2011, when gold prices were climbing to their all-time high of $1900 an ounce. And even after gold tumbled...
Updated: July 20, 2015The what: On July 20, gold prices plunged below $1100 an ounce for the first time in five years. As for the WHY -- well, the real reason might surprise you.
Updated: July 15, 2015Malcolm Gladwell's best-seller Blink shows how our first impressions are unconsciously manipulated by forces outside our control. Now, hedge fund and other money managers -- they aren't unconsciously swayed by the masses, right? Don't be so sure.
Updated: July 7, 2015On July 7, gold prices turned down in a $20/oz. intraday tumble. As for what caused gold to lose its luster -- see why Greece's debt crisis is NOT the reason.
Updated: May 29, 2015Mainstream economists say gold's trend is in the eye of the Fed holder. Rate hikes are bearish, while low rates are bullish. See why this love story isn't everything it seems.
Updated: May 14, 2015Gold's near-to-intermediate price trend is one thing, while the metal's long-term trend is another. When a countertrend rally concludes, the turn can be swift and dramatic.
Updated: April 29, 2015The price of gold just saw its biggest surge since January. Yet most precious metals traders have been bearish on gold. See a chart that shows how we've kept subscribers ahead of gold's trend.
Updated: April 22, 2015When it comes to timing the major turns of one market in particular -- gold -- central bankers are consistently as "off" as a week-old fish. Case in point, gold's 2011 peak...
Updated: March 4, 2015Gold has been mired in a four-year long bear market, with prices still sitting 30%-plus below their 2011 high. And, some people are saying it's crazy to own gold.
Updated: February 6, 2015On Feb. 6, gold prices plunged 2%. The mainstream experts blamed the fall on a "gangbuster" jobs report. The real answer to what caused it, though, is right in front of you.
Updated: December 17, 2014Mainstream economic wisdom says the Federal Reserve holds the fate of gold prices in its hand. Cut rates, and gold rallies. Raise rates, and gold falls. Recent history, however, tells a radically different story.
Updated: November 28, 2014It was supposed to be a "quiet" Thanksgiving holiday in precious metals. But thanks to a 7%-plus sell-off in silver, it's been anything but.
Updated: October 31, 2014On October 31, gold prices touched their lowest level since July 2010. You're going to hear a lot about how gold's decline had much ado about the Fed's end of QE. Don't believe it!
Updated: October 28, 2014This idea of gold as inflation hedge is practically gospel. This chart shows a major flaw in this theory.
Updated: October 10, 2014On October 8, the Fed's "dovish" meeting minutes were released. One day later, gold prices leapt to a 3-week high. But here's why the one had little to do with the other.
Updated: September 24, 2014On September 17, gold traders and investors were sure of one thing: IF the Fed kept interest rates near 0% for a "considerable time," gold prices would rise. The Fed did just that -- YET, gold prices dropped 1% that day. What gives?
Updated: September 23, 2014Gold happens to reflect Elliott wave patterns beautifully. Watch this clip from a presentation by EWI's chief market analyst, where he walks you through gold's pattern starting at the 2011 top.
Updated: March 19, 2014On March 14, fundamental analysis experts in precious metals had their sights pinned on two main factors, both with bullish near-term implications. And yet, gold and silver prices are down hard! Here is our take on the situation.
Updated: February 19, 2014Extreme sentiment usually accompanies the peak of a financial mania. Such was the case in 2011 with gold. Now, gold could see its biggest move in months.
Updated: January 2, 2014Learn what we said about gold when the metals mania was in full force. It's time to look again at the price pattern and see what's ahead for gold.
Updated: December 4, 2013Major world governments bought huge quantities of gold near the precious metal's 2011 high, and their gold portfolios have since taken a big hit. Is it wise for investors to buy the dip... or does the downtrend in gold have further to go?
Updated: October 30, 2013Picture this. You are a looking at a price chart, and you see a wave pattern you recognize. Based on the pattern, you think the market should fall. Instead, it rises. How do you adjust your analysis? Let's look at a real-life example: silver futures.
Updated: October 18, 2013"Nobody really understands gold prices, and I don't pretend to understand them either," the former Fed Chairman Ben Bernanke once said. Well, if all you do is look at gold's "fundamentals," he's right -- the difficulty is obvious.
Updated: September 6, 2013The price of gold is a long way down from its September 2011 all-time high. If you invest in gold, knowing where it's headed according to the wave patterns could be helpful.
Updated: September 4, 2013The recent nerve gas attack in Syria has brought the United States and other nations to the point of taking military action. The threat of a larger involvement in war is usually thought to affect the price of gold, as if it were a fundamental divining rod for gold prices.
Updated: August 21, 2013From the start of 2013 to late June, gold prices took a 20% nosedive to their lowest level in three years. But if you think an improving economy took the wind out of gold's sails, the last six decades of history might surprise you.
Updated: July 23, 2013On July 22, gold prices soared 3%-plus to go above $1300 per ounce in their largest percentage gain since June 29, 2012. The fact is, the July 22 rally in gold makes absolutely no sense in terms of fundamental analysis of financial markets. It is, however, easy to understand in the context of objective Elliott wave analysis. Let's look back on EWI's Metals Specialty Service for support.
Updated: July 19, 2013Federal Reserve Chairman Ben Bernanke made this startling confession before a Senate Banking Committee on July 18, 2013: "Nobody really understands gold prices, and I don't pretend to understand them either." For some perspective, that's kind of like boarding an airplane only to have the pilot get on the PA system and say, "Does anyone know what this flashing red button means?"
Updated: July 8, 2013If you were to believe the mainstream financial media's interpretation of gold's price action in recent weeks, you would reach one simple conclusion; namely, that gold investors are mentally unbalanced. One day, they seem to take their cues directly from hawkish hearsay surrounding the Federal Reserve.
Updated: May 28, 2013Successful 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.
Updated: May 15, 2013It'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 ...
Updated: May 13, 2013Ask 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.
Updated:Our first segment gives you a sneak peek of what analysts at Elliott Wave International have been watching in U.S. and global stocks, forex, metals, interest rates, energy and social mood. Next we take a look at legalization of recreational marijuana and answer the important question, why now? Lastly, we take a deeper look at Obamacare and reveal the real reason it's coming unglued.
Updated:We first start by looking at car loans. The delinquency rate among subprime auto loans is rising, even as total auto loan liabilities exceed $1 trillion. Our next feature is on municipal bonds. Many investors continue to pour money into municipal bond funds even after Puerto Rico's muni bond default. We believe debt-market complacency will soon be met with regret. Our last feature is an interview with Elliott Wave International's Senior Metals Analyst who explains the relationship between gold and the U.S. dollar. Learn why Tom believes the development of gold's wave pattern provides all the information he needs to create his forecast.
Updated:We start this week's episode by looking at how higher stock prices and higher skyscrapers go hand in hand. Next up we have a feature from Pete Kendall where he discusses the uniqueness of the Wave Principle and explains why psychology repeats itself over time. The last feature is an interview with Tom Denham, the editor of EWI's Metals Pro Service.
Updated:We start with Brian Whitmer who edits Elliott Wave International's monthly European Financial Forecast. He spoke with ElliottWaveTV's Dana Weeks about what the current figures of credit demand mean for European stocks. Take a listen to learn what message credit demand across Europe is sending right now. Next up is an interview with Tom Denham who covers metals for Elliott Wave International. In this new interview, Tom talks about recent price action in gold and silver and the relationship between the two markets. Our last feature comes from Tony Carrion, one of Elliott Wave International's Currency Pro Service analysts. Tony relies on the Wave Principle for determining price targets. He explains how he uses Elliott waves -- and why hearing an interview with Bob Prechter was a "game changer."
Updated:A look at sentiment and social mood across Europe as French voters head to the polls on Sunday to elect France's new president. Plus, learn why looking at the U.S. dollar, interest rates and politics are the wrong tools when trying to forecast the price action in gold. And this Canadian city this size is an ideal candidate to preview real estate trends in Canada and in the United States.
Updated:This episode features our latest ElliottWaveTV mailbag, new insights into the recent price action across the metals markets, plus learn how psychology determines energy market trends.
Updated:New insights from our European Markets Expert Brian Whitmer. Plus, learn what momentum is signaling across the metals markets. And lastly, this is why it's important to keep the bigger market trend in mind -- case in point: crude oil.
Updated:Learn why it's unusual for gold and silver to have different patterns -- as they've shown lately -- and what that means for the price trends going forward. Some insurance companies themselves might be at risk as "A massive insurance company failure" just made the news. Are "baby boomers" driving the stock market's trend?
Updated:Learn why the recent price action in gold suggests to him that gold prices may be entering a risky period soon. Plus, one high-yield debt instrument that was at the forefront of the 2007-2009 financial crisis has reached a new, dangerous milestone and we're sounding the alarm. Lastly, at least one measure of optimism has returned to the height of the bubble days. Some say not to worry because "the economy is in far better shape than a decade ago." Is today really different?