Rock ‘n Roll or Roll Over for the Goldminers?!

Gold Mining Indexes and ETF’s vs. GLD are impulsive-looking in their declines since early August and corrective-looking in their ensuing rebounds and action from early November looks quite toppy again and is running out of gas again from a momentum standpoint, so another top should be nearby on a relative basis, with probable resumption lower…

The Impact of Saturn on the Financial Markets

The influence of the planets (and our moon) in our solar system on human emotions and behavior have been studied for millennia, and several concepts are well-understood and defined. Since markets are essentially driven by two emotions: fear and greed; the planets and our moon can have a serious effect on market participants in when…

Gold Update: Rebound next?!

Last week was a big week in Metals and Mining. Five-wave declines and three-wave rebounds from the wave-(X) high continue and the latest three up took up all of October and has now yielded to another clearly-impulsive decline that may already be in the acceleration phase. This impulse has cut through some key areas as…

Why US Dollar Bulls are struggling for conviction

This is an excerpt of my premium member weekly Metals, Miners and Forex Digest send out each weekend. Here I cover precious metals, the related miners as well as important currencies, such as the US Dollar. In this week’s update you can see how the Bearish rising wedge I showed last week came to fruition…

US Dollar Update: Wedging Towards $100!?

In my third installment of my new weekly Metals, Miners, and Forex Sneak Peak Series, please find below an excerpt of last weekend’s digest where I go over the big picture Elliott Wave count for the US Dollar. It appears a nice rising diagonal, aka wedge, is forming that could target $100 before all is…

Webinar: A review of recent hot IPOs: from BYND to ZM

Last Friday we held our 3rd free bi-monthly webinar and in this seminar I went over several recent hot IPOs, LYFT, UBER, BYND, ZM, etc, to review their shorter term price action and longer-term perspectives The webinar can be downloaded and viewed here. Or simple click on the picture below (this will open up a…