Recent Articles by Zac Mannes

Looking For A Spark: Newmont Corporation (Technical Analysis)

Contributed by Mark Malinowski, produced with Avi Gilburt.IntroductionPrecious metals and precious metals miners are on the cusp of a run. I won’t attempt to predict the future, using a crystal ball. Nor will I ever guarantee that there will be one more low or not. There is no confirmation that the next rally phase, which permabulls have been predicting over the last two years, has already started.What I can say is that sentiment appears ripe. Just like a room filled with gas to the right ratio of fuel and air looking for a spark in your favorite action movie, I feel like now is the time.
by Zac Mannes - 2 weeks ago

Identifying the Twists & Turns In Energy

We highlight the energy sector within our Stock Waves service, following XLE and XOP very closely along with dozens of names in our energy basket. Let’s examine the chart history on energy, represented by the XLE chart, and our calls since its move off the lows in 2020.
by Zac Mannes - 3 weeks ago

Nested Ones & Twos EW Examples

CL futures charts showing structure off Dec and Jan lows and micro and sub-micro detail.
by Zac Mannes - 2 months ago

Digging For Value: Agnico Eagle Mines

Contributed by Mark Malinowski, produced with Avi GilburtInflation has pushed up the price of everything is what the Fed and mainstream media has been is telling us every single day for the past two years. So what happens when theFedsays inflation is under control, and they plan to cut the cost of borrowing money? Historically, when the Fed begins reducing the cost of borrowing, it has shown to be a great time to invest in precious metals and precious metals miners. Now is that time.The traditional view to finding value would be looking at the cash cost of production of a gold equivalent ounce, GEO. However, the all-in sustaining cost, AISC, includes sustainable production costs.
by Zac Mannes - 2 months ago

Gold: Ready For Blast-Off

Contributed by Steven Kirkpatrick, produced with Avi Gilburt.If you think that now may be a good time to invest in gold, you may very well be right. But more than likely, you will be right for the wrong reasons. Indeed, there's more confusion andmisunderstanding about gold prices than any other investment I can think of. We presently have a bullish outlook for gold and other precious metals, but not for the reasons most people expect.A great many analysts and pundits like to draw correlations between various exogenous factors that will cause the price of gold to rise or fall. I submit to you that almost every one of these analysts is wrong.
by Zac Mannes - 3 months ago

Gratitude, Fear, Shiny Metals And GDX

Gratitude, Fear, Shiny Metals And GDXSummaryLooking back on 2023, metals and miners presented numerous opportunities.The intersection of fundamentals and sentiment is a good place to look at mining investments.GDX was a recent Wave Setup, with specific support, invalidation, resistance, and target parameters.Contributed by Mark Malinowski, produced with Avi Gilburt“To everything, turn turn turn. There is a season, turn turn turn. And a time to every purpose under heaven.” - The ByrdsLooking backIt's that time of year. Time for slowing down and looking back on the year that was and to begin to plan for the next round. A time when gratitude for all the gifts and people we have in our lives to be recognized.
by Zac Mannes - 3 months ago

Time For Copper To Shine: The Case For Southern Copper And Freeport-McMoRan

This article was produced withSteven Kirkpatrick and theElliottWaveTrader.net metals team.For those that have followed our analysis provided to the readership at Seeking Alpha, you will know that we look for a sweet spot where fundamentals meet technicals.Venn Diagram: Overlap of FA TA (EWT)As the developing nations of the world endeavor to replace fossil fuels with renewables, the demand for copper is expected to increase dramatically over the next decade. But with economic stagnation in China, and concerns of an economic slowdown in much of Europe and possibly the US, copper prices have become as dullas an old penny. The price of the red metal has fallen from $4.70 per pound in March 2022 to roughly $3.
by Zac Mannes - 3 months ago

Where Might The Market Be Heading Into Next November's Elections?

I was asked if it was to early to tell where the market might be heading into the elections a year from now and how it might respond (irrespective of who wins). Short answer: Yes, too soon. But... I think it is an interesting exercise.
by Zac Mannes - 4 months ago

Adjusting To A Diagonal

I think ES got past small degree resistance that makes an impulse down very unlikely now.
by Zac Mannes - 5 months ago

Key Breaks Of Support In Financial Sector

There have been some key breaks of support in the financial sector, and the risk of a breakdown is accelerating here.
by Zac Mannes - 5 months ago

Elliott Wave Guidelines For Fourth Waves

Elliott Wave gives us a couple of rules and a lot of guidelines for fourth waves that can certainly give us a lot of clues to where it should hold and even what shape it should take.
by Zac Mannes - 5 months ago

Swallowed By Giants: Newmont And Newcrest Mining

Swallowed By Giants: Newmont And Newcrest MiningSummary-Quick background on Newmont Corporation and Newcrest Mining.-Fundamentally speaking - What’s the deal? Rumors?-Technical Elliott Wave view of Newmont and Newcrest.Contributed by Mark Malinowski, produced with Avi GilburtWho are these companies?Let's start out with a dose of pure honesty. Newmont (NYSE:NEM) is a giant. In fact, it's a giant-diversified octopus of a corporation with operations on four continents. In the first quarter of 2023, it produced 1.27 million gold ounces and 288K GEOs (gold equivalent ounces) combining its production of copper, silver, lead, and zinc. There's a reason that Newmont is the single largest component of the GDX ETF.
by Zac Mannes - 9 months ago

Balance In The Force: Wheaton Precious Metals And SSR Mining

Balance In The Force: Wheaton Precious Metals And SSR MiningSummaryQuick background on Wheaton Precious Metals Corp. and SSR Mining Inc.Fundamentals that make these companies attractive.Technical Elliott Wave view of these miners.Additional FA nuggets from Lyn Alden.Contributed by Mark Malinowski, produced with Avi Gilburt.“It’s the Energy between all things, a tension, a balance that binds all things.” Luke SkywalkerWho are these companies?Wheaton Precious Metals Corp. (NYSE:WPM) is a top tier Canada-based precious metals royalty streaming company and currently the fifth largest component of the VanEck Gold Miners ETF (GDX). Based on the share price as of May 15th, it has a current market capitalization of $22.9B (USD).
by Zac Mannes - 9 months ago

Early Warning Of TSLA's "Surprise"

See the chart on TSLA from yesterday in Stock Waves ahead of its earnings release and now.
by Zac Mannes - 11 months ago

Riding The Wave In Tech

Tech has been one of the strongest sectors in the last 3 months, which is exactly why we were pounding the table about it back in December.
by Zac Mannes - 11 months ago

Acquisition Mode - B2Gold Mining and Agnico Eagle Mines

Acquisition Mode - B2Gold Mining And Agnico Eagle MinesSummaryQuick background on Agnico Eagle Mines Limited and B2Gold Corp.Fundamentals that make them attractive vs peers.Technical Analysis, and key supports.Nuggets on Gold from Lyn Alden.Contributed by Mark Malinowski.Who are these companies?B2Gold Corp. (NYSE:BTG) at $3.6B USD market cap is a mining company headquartered in Vancouver that operates three mines. While that is relatively small, that does put it in the top 20 for gold miners by market cap. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia. It has additional development projects in the Philippines and Colombia.
by Zac Mannes - 1 year ago

Case Study Of Applying EW and Fibonacci Pinball

FND is a name that we have been tracking for a while in our Stock Waves 300 list, and makes for a great case study on EW (from a counterintuitive perspective) as well as how we apply Fibonacci Pinball expectations.
by Zac Mannes - 1 year ago

Tracking The Energy Sector In Stock Waves

Stock Waves has always followed the Energy sector closely, but even more so since the 2020 lows -- and with much success!
by Zac Mannes - 1 year ago

EW Sentence Diagraming - Market Analysis for Jan 5th, 2023

Written descriptions of EW can be rather DENSE if you are new to the art...
by Zac Mannes - 1 year ago

Dream Within a Dream

Stay nimble.
by Zac Mannes - 1 year ago

Looking for Confluence in Alt Paths.

Looking for Confluence in Alt Paths.It is NOT my primary count, but the red shows the potential path for the 1-2 start of an ED (C) wave off the Aug high that is still a concern. Also as discussed since the "A" of (B) reached the 50% retrace there is a risk that that was ALL of (B) (yellow note).I think the important thing to glean is that we are in a high risk zone for all three potentials. Even if one is more bullish off the Oct low we have what counts best as abc up and due for a fade.
by Zac Mannes - 1 year ago

Thic resistance ahead - Market Analysis for Nov 25th, 2022

Ideally smaller degrees still attempt higher if 3970s hold, but heading into the top of abc up for A.
by Zac Mannes - 1 year ago

Market Analysis for Nov 22nd, 2022

SymbolMELITypeLongSupport870Invalidation755Resistance1046Target1450TimeMRanking3New entry made in the Wave SetupsMELI is looking good as a i-ii start to the C wave up targeting the 1400s.
by Zac Mannes - 1 year ago

Ideal Path Wants OMH in c of A

Any break of the low yesterday and we are most likely starting the B-wave.
by Zac Mannes - 1 year ago

Reversing The Old Market Adage "Stairs Up, Elevator Down"

If we are dealing with a larger degree correction now the old market adage of "stairs up, elevator down" could get flipped a little.
by Zac Mannes - 1 year ago

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