Gold's Ups and Downs & US Tech Startups
Updated: December 09, 2016
Our first feature today explores how to get a firm handle on gold's ups and downs. Then we answer an important question: When does a forecast become a trade? Lastly, we look at the storm brewing for U.S. tech startups.
Gold prices are in the late stages of an ending diagonal, which, when complete, will finish a five-wave decline from the September 2011 peak at $1921.50. ... Over the past week pessimism has grown more intense, which is consistent with an impending rally, the same message conveyed by the completion of a diagonal pattern. - December 2015 Elliott Wave Financial Forecast
The Bloomberg U.S. Startups Barometer tracks the occurrence and level of recent venture activity via fundraising and the sales or IPO exit prices of private firms. The chart shows a complete five-wave rise into the index's June 2015 high, signaling in Elliott wave terms that the "fading unicorn luster" is just the beginning of a larger decline.- December 2016 Elliott Wave Financial Forecast
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Alexandra Lienhard is the host of the popular podcast Elliott Wave Weekly. She is also the Chief Correspondent for ElliottWaveTV, a channel dedicated to providing the latest information from key Elliott Wave Analysts. Alexandra has been working with Elliott Wave International since 2009. Before that she worked for CNN in their Atlanta headquarters and on their entertainment desk in Los Angeles. Alexandra graduated from the University of Southern California with degrees in Broadcast Journalism and Business.