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Analysis | Elliott Wave |
Written by Elliott Wave International |
Tue Jul 22 08 15:43 ET
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It's no coincidence that most of the world's Gold Bullion storage -- whether as a given nation's economic reserve, a metal trading division's supply, or a personal nest egg -- is kept in a cool, concrete shelter underground ... ... BECAUSE in the event of a natural disaster or other threat to the structural foundation of a building, the soundest place to be is -- you guessed it -- a cool, concrete shelter underground.
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Wed Jul 16 08 17:09 ET
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While we're on the subject, aren't oil and stocks "supposed" to move in opposite directions? "Oil up, stocks down" - isn't that how the mantra goes? Yet -- on Wednesday, July 15, crude plunged 4.4% in its biggest decline in dollar terms since the Gulf War (circa 1991) -- ALL the while, the Dow Jones Industrial Average also turned down to end below 11,000 for the first time in two years.
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Fri Jul 11 08 17:16 ET
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On Friday, June 20, Elliott wave patterns in crude's charts showed that oil traders, collectively, were still in a fearful,
bullish mood - thus predicting another push higher for oil.That's why from an Elliott wave standpoint, oil was destined to rally with or without the news. Watch this 3-minute clip from Steve Craig's June 20 "Weekly Wrap," where he makes a forecast for a third-wave rally in crude and brent oil contracts.
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Mon Jun 23 08 15:53 ET
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On Monday, June 23, gold prices dropped like a lead balloon... tied to the end of a falling meteorite in a $30 per ounce slide to fresh, one-week lows. It's the kind of move where Seeing it coming from miles away AND Seeing it coming at you while ankle deep in wet cement -- makes ALL the difference.
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Thu Jun 19 08 16:04 ET
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I have often read, "Gold always goes up in recessions and depressions." Is it true? Should you own gold because you think the economy is tanking? Whenever we hear some claim like this, we always do the same thing: We look at the data.
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Tue Jun 17 08 17:21 ET
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Word on Wall Street is -- High oil prices are to rising equities what a blaring siren is to a baking soufflé. See: Friday, June 13 news item regarding the 365 point cave in of the Dow Jones Industrial Average: "Oil prices were the primary culprit [for] the epic collapse." (Forbes)
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Tue Jun 03 08 17:23 ET
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Everyone's complaining about it because everyone is a consumer: Oil prices seem to show up in everything we buy. From the gas pump to electricity to food to the cost of Saran Wrap, oil rules our wallets. Question is: Do oil prices also rule the financial markets?
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Sun Jun 01 08 20:00 ET
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Everyone's scratching their heads lately at the news. In a first-season episode of The Sopranos that aired almost nine years ago, Tony Soprano's pronouncement that "Nobody knows anything!" still resonates. Anyone listening to the media and expert analyses has heard it all -- Gold's been a hot topic for months now. FXStreet had this to say just last night (June 5):
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Analysis | Elliott Wave |
Written by Elliott Wave International |
Thu May 29 08 16:12 ET
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Over the last few months, a "perfect (fundamental) storm" for rising gold prices has raged across every financial thoroughfare from Wall Street to Sesame Street. (Google: Economic downturn comes to ‘Avenue Q.') Inflation hedge, anyone? From mid-March to May 27, a record run-up in crude oil vaulted prices above $100-, $115-, and $130-per barrel. At the same time, A May 26 Conference Board report revealed that inflationary expectations have risen to a new, all-time high, alongside a record-breaking number of Americans filing for government stamps due to "rising food costs." (AP)
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