Oil N' Gold - Resources for Serious Traders
Elliott Wave Analysis Reports
Gold: What's REALLY Behind the Record Rise, Bull or Bubble? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Oct 21 09 12:08 ET
When prices in a financial market go from Sea Level to Outer Space in a relatively brief time, two scenarios are at work -- and they both start with the letters “B-U.” When a precious metal goes from being a popular long-term investment of buy-and-holders to the quick, get-away “vehicle” of day-traders, two scenarios are at work -- and they both start with letters “B-U.”
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Does Gold Always Go Up in Recessions and Depressions? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Tue Jun 09 09 11:03 ET
The first thing to point out is that gold did not make a nickel of U.S. money for anyone in any of the recessions and depressions from 1792, when the gold-based dollar was adopted, through 1969, a period of 177 years. Well, to be precise, there was a change in the valuation in 1900, when Congress changed the dollar's value from 24.75 grains of gold, the amount established in 1792, to 23.22 grains, a devaluation of just six percent total over 108 years.
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Crude Oil Prices: About To Cross A Line Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Thu Nov 20 08 15:40 ET
As for seeing the reversal in crude's fortune BEFORE its footprints appeared on the other side of that "fine line in the sand" -- the June 2008 Elliott Wave Financial Forecast has the honor. In that publication,our team revealed that the deeply entrenched panic surrounding crude oil bore the classic marks of a mania on its last legs. In the words of the June EWFF:
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Crude Plunges Below $60: When Will Oil's Freefall End? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Nov 12 08 05:54 ET
As the autumn of falling gas prices unfolds, it's hard to envision the "Summer of Discontent" that came before. Allow me to jog your memory. June-July 2008: The season of "Peak Oil" panic, when the mainstream experts saw the last drop of crude being sucked out of the earth's soil. Big Oil was on trial for windfall profits while the rest of the nation went broke. Protests erupted at petroleum plants. Hour-long lines formed at filling stations. A crippling Gas Shortage emerged in the Southern United States. AND, article after article declared a return of human civilization to the Ice Age as the runaway price of OIL showed no signs of stopping.
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Why Are Gold Prices Falling? Hint: It's NOT Because Of the Dollar Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Thu Oct 16 08 14:55 ET
I'll cut right to the chase: Unless you're about 80 years old, the United States economy is undergoing the worst downturn in living memory. Every measure of growth is grim. The worlds most recognized stock index -- the Dow Jones Industrial Average-- is down 30% from its October 2007 all-time high.
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Crude Oil: Gentlemen, Stop Your Engines Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Oct 15 08 07:54 ET
$200 oil: How could have oil experts gotten it so wrong? Three months ago, you couldn't swing a baseball bat in a crowd without hitting someone screaming that the world was running out of oil. But after reaching a record high of $147 a barrel in July, oil fell as low as $77.09 (on October 10) - an almost 50% decline. And now, "Goldman Sachs, among those predicting $200 a barrel oil, cut its year-end forecast of oil to $70... " (AP)
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Oil Prices Plunge: What "Safe-Haven"? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Oct 08 08 18:17 ET
According to mainstream financial wisdom, when the plane of the U.S. economy runs out of fuel and starts hurtling toward the earth's surface, one of the few markets said to provide a parachute of safety is … Oil. Case in point: Summer 2008. At the time, crude oil was enjoying a record-shattering winning streak to all-time highs above $140 per barrel. And, according to the usual suspects, the worse the news coming out of the U.S. financial sector, the greater the bullish prospects for black gold's future. On this, the following news items from June-July '08 say plenty:
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Oil Prices Say "Watch Out" Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Tue Sep 30 08 18:12 ET
If ever there was a time for the cause-and-effect logic of conventional economic wisdom to play out in the real world, September 2008 was it. And Crude Oil was the market. Right out of the gate, the bullish fundamentals came charging full steam ahead with Category Three Hurricane Ike roiling the oil-producing epicenter of the U.S. In the words of one September 15 Reuters: "Ike triggered the biggest disruption to U.S. energy supplies in at least three years," shutting down 25% of production and putting 14 major refineries out of service.
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Will Gold Provide Shelter From The Storm? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Sep 24 08 11:17 ET
The not-so safety of "safe haven" thinking. As the stock market continues its violent 400-point swings back and forth, one question floods the minds of investors across the country: Where is a secure place to park my money, besides the floor boards? And, like a broken record, the conventional wisdom repeats, "Gold, gold, gold…"
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Why Is Silver Falling? Hint: Look At Economy (Part II) Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Thu Sep 18 08 17:06 ET
Gold and silver are traditionally considered to be a hedge against bad economic times. Put another way, precious metals go up when the economy goes down - or so says the conventional wisdom. That's why many investors conclude that gold and silver are the investments to own during economic contractions.
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Oil Prices AND The 'Ike Spike' That Never Was Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Tue Sep 16 08 16:59 ET
External factors of supply/demand are not the driving force behind changes to oil's trend. The internal measure of mass social mood, which unfolds as clear Elliott Wave patterns on the price charts -- IS. And, when the time comes for it to trend DOWN, nothing, not even the costliest natural disaster in U.S. history, can stop it.
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Silver Elliott Forecast Says 'Watch Out!' Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Mon Sep 15 08 18:15 ET
Imagine if an alien spacecraft landed on planet Earth in March 2008 to observe the daily dynamic of Wall Street. This is what they take away: Leaders say precious metal prices are set for outer space on lasting "safe haven" appeal. Headlines read: "Get Ready For $2000 Gold" and "$50 per ounce" Silver.
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Gold: NOT The 'Safe-Haven' You Think It Is Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Fri Sep 05 08 16:52 ET
According to mainstream financial wisdom, when the plane of the U.S. economy runs out of fuel in mid-air and starts hurtling toward the earth's surface, investors do have one parachute of safety: Precious Metals.
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Crude Oil: A 'Gut-wrenching, Volatile, Fear-laden' Move Ahead Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Aug 27 08 05:13 ET
A running joke among mainstream financial circles says -- If you want to know what the weather's going to be like, ask an oil trader. Truth be told, the energy in-crowd spends more time watching changes in climate patterns than Al Gore. Their main goal: Spot "bullish" storm activity in oil producing regions that could damage supply and therefore, spark a rise in prices.
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Why Are Oil Prices Falling? (Video) Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Sun Aug 17 08 04:55 ET
As crude oil was pushing towards its July 11 all-time high of $147.27, everyone was trying to figure out why prices were rising so relentlessly. The three most commonly cited reasons were: a) increasing worldwide demand, b) fears of shortages, and c) blatant market speculation.
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There's a Big Reason To Keep Your Eye on Silver Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Fri Aug 15 08 04:50 ET
Bob Prechter called a top in both silver and gold back in March 2008, and, since then, these two precious metals have indeed gone down. Silver prices have fallen by one-third just since March. Our precious metals analyst, Mike Drakulich, has been glued to his computer watching the falling action in silver
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Will Tonight Be A Historic Night for Silver? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Fri Aug 15 08 04:47 ET
INCREDIBLE! Silver just printed 12.20, now surpassing the 50% retracement of its entire BULL market from the 4.01 area to highs near 21.35! Silver has simply blown out to the downside in what is likely thin trading, with a low of 12.20 so far; be very careful here as these are exceptional market conditions. Just a guess, but I would not be surprised if a hedge fund is blowing out of positions.
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Gold at $801 (Video): Why Is Price Falling? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Wed Aug 13 08 06:11 ET
On August 12, gold and silver hit the lows they've not seen in almost a year: Gold dropped to a low of $801 an ounce in the intraday trading, and silver fell towards $14. The talking heads on the financial TV networks are blaming the declines on the ongoing rally in the U.S. dollar. But was there a way to predict this drop in gold and silver without resorting to the currency markets?
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Will OIL Prices Continue To Fall? Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Thu Aug 07 08 13:29 ET
Public (Economic) Enemy Number One -- the soaring oil market -- has been caught. The damage from its record-smashing rally contained. To wit: From their all-time July 11, 2008 peak, crude prices have plunged a jaw-dropping 20% to a three-month low. As for seeing the cage come down around crude's meteoric rise BEFORE it did - well, the vast majority of the warnings coming out of Wall Street back in July were of the 'no end in sight for energy crisis' kind.
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Crude Oil: Drilling For Opportunity Print E-mail
Analysis | Elliott Wave | Written by Elliott Wave International | Thu Jul 24 08 17:07 ET
July 11, 2008 was the unofficial D-Day for the Crude Oil market. "D" -- as in, DOWN. From that most recent peak, oil prices have plummeted more than $20, to a two-month low -- a severe sell-off that has also included the steepest drop in dollar terms since the Gulf War (circa 1991).
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