Gold/Silver Elliot Wave Analysis

[KDave]

Here is an interesting perspective of the gold and silver market based on Elliot wave analysis for anyone interested in this kind of thing. Remember its all just systematic guess work that works 60% of the time, every time. Interesting none the less. 

 

[HelpingHands]

I've been watching Ronnie's videos for a while.  I still only understand a tiny fraction.

[Stu]

18 minutes ago, HelpingHands said:

I've been watching Ronnie's videos for a while.  I still only understand a tiny fraction.

Me too, although I think Elliott was the boy in E. T. If this helps?

[HelpingHands]

And E.T went to the moon on a bike.  I see your thinking.

[KDave]

I have only followed him for a couple of months now. It is interesting to see him make long term predictions based on expected wave patterns only to change his mind two weeks later with the development of a new pattern. Perhaps short term Elliot wave can work well if you can get read/guess the correct patterns, but long term it seems its as much use as everything else!  

[HawkHybrid]

http://news.gold-eagle.com/article/can-silver-price-see-lower-low-without-gold-and-gdx/73

 

a slightly different interpretation with numbers to the charts.

' So, if silver does break the 14.55 level in the coming week, we could see silver on its way to striking a lower low. '

 

HH

[KDave]

Looking hopeful for the continuation of metal purchases in the near future then perhaps. Of course it could go the other way, there are technical signals for both. Honestly it would be nice to see $1000 gold and $12 silver, everyone loves a bargain. 

[sovereignsteve]

Depends on where you personally with respect to PMs and funding in general. I don't want to see lower prices as I couldn't justify investing more into metals.

However, it would be an inner struggle not to if they went low enough!

[KDave]

More from Ronnie. Very bullish on silver this time, also bullish on gold. Pure technical analysis.

 

 

[shemyaza]

The Market Sniper's take on Gold to Silver.

 

[KDave]

Love this guy, he is so bullish! DYOR 

[KDave]

The elusive pull back is finally on its way! (Maybe)

 

[KDave]

More from bullish Ronnie, with some secular bearishness to take advantage of - fingers crossed for the pull-back to be just in time for pay day. (Maybe! 60% of the time and all that) 

 

[HelpingHands]

I hope he is right and we will get a decent wave down before silver shoots up much further.

 

[KDave]

 

[KDave]

Not EW analysis but interesting take on the gold market specifically.

[KDave]

 

[shemyaza]

Appreciation as always to NetDania and this is from my own research. This graph also shows something else from Dec 2011-Aug 2012.

[KDave]

Technical analysis predicting a pullback inbound, fingers crossed we finally get our long awaited buying opportunity;

 

[richo]

I think the smart money is on 2-3 months of stability in the run up to the US election, which might mean gold is off a bit.

[KDave]