Articles Related to GOLD

Barrick Gold Corporation - Taking A Shine To Copper

If Newmont Mining (NEM) is the injured All Star on the team that is set to rebound from injury to come back better than ever, then Barrick (GOLD) has been the injured player that has been getting paid a lot of money to sit on the bench and do nothing. Some people might think of Barrick as the player that has not reached their potential.
by Mark Malinowski - 8 months ago

Barrick Gold: A Rising Tide Lifts All Boats. How High Will This Go?

- We discuss what key fundamentals are providing current tailwinds for the Gold market.- Lyn Alden provides compelling details for Barrick Gold’s fundamentals and balance sheet.- Our target for Gold (the metal) is $2428 or higher. How high will this push Barrick Gold?by Levi at StockWaves; produced with Avi GilburtThere is a compelling case to take Gold to $2428 or higher in the months to come. How do we arrive at that target? For much more in-depth analysis, I would suggest you carefully read Avi Gilburt’s recent article discussing what would propel the metal to those heights (see here).
by Levi - 2 years ago

Newmont: The Bottom Is In For Gold

- We provide the fundamental backdrop for Gold and the US Dollar via Lyn Alden’s analysis.- This marries quite well with our technical view of both, plus some key mining stocks.- Follow along as we update several charts from the sector with a focus on NEM.by Levi at Stockwaves, produced with Avi GilburtThe bottom is in for gold. That is obviously a definitive statement. For those that are familiar with our analysis methodology you know that we view the markets from a probabilistic standpoint. So, what this means for us is that our primary scenario is that metals have seen an important low and have begun a new uptrend.
by Levi - 3 years ago

Metals Are Still Being Stubborn

With the GDX having the minimum numbers of waves in place to consider wave iv as completed, we were looking for an impulsive 5-wave structure to suggest that wave v to 40+ has begun. Yet, as the market approached the resistance noted on my chart, I posted the following update on Monday: “I wanted to send this update to the entire site, since we are approaching another inflection point. With the move up off the lows not looking terribly impulsive, I am getting very cautious and protective in the near term as long as are unable to exceed this resistance box on the GDX.
by Avi Gilburt - 5 years ago

Impatience Reigns In The Metals World

Even though we have seen some tremendous gains in the metals and miners complex, many are still very impatient when it comes to further gains. But, please try to remember that even during a 3rd wave, the market does consolidate before it continues on its climb. That is how I am viewing many charts. To that end, I still have no way of viewing the miners complex as bearish as long as GOLD and NEM continue to consolidate in a very bullish structure. And, unless we see these two charts break back down below their recent break out points, I will continue to maintain a bullish bias.
by Avi Gilburt - 5 years ago

Metals Charts Are All Over The Place

As I highlighted over the weekend, different charts in the metals complex are at different points of trend. As an example, silver recently hit multi-year lows, whereas GLD is approaching its all-time highs. And the charts of various miners are in the same position. Yet, when I look at the NEM and GOLD charts, I simply cannot take any bearish case seriously as long as they continue to consolidate in a corrective manner over their recent break out points. Moreover, with their daily MACD’s hitting multi-year highs, this confirms the count that they are likely already in the heart of their respective 3rd waves. So, it is only a matter of time before the GDX follows along.
by Avi Gilburt - 5 years ago

Bifurcated Metals Complex Seeing VERY Bullish Pockets

With the continuation move in NEM, along with the break out in GOLD, I thought it would be appropriate to write another update for our membership. Once NEM broke out last week, I noted that I simply could not retain a bearish bias any longer. While I still expected a pullback in a number of charts, an overall bearish bias was simply not warranted. Now, due to the larger degree structure in GLD, I had to retain a VERY cautious stance until GLD was able to move back up through the 159 region for the reason cited in the past about the potential red count.
by Avi Gilburt - 5 years ago

GOLD and NEM - Market Analysis for Apr 13th, 2020

While I do not track them unless I have a need to due to the lack of clarity in the GDX chart, once we broke out over the resistances noted last week, there is no bearish bias I maintain in these charts unless we see a break back below those break out levels. So, while I still think it is reasonable to expect a pullback in silver, as long as these two charts remain over their break out points, I will continue to look higher in the coming months.
by Avi Gilburt - 5 years ago

I Still Retain A Healthy Degree Of Caution In Miners

While gold may be rallying the GLD is still not exactly what I call blowing my socks off. Yet, since it is the ETF I have been tracking here, I still have to note that as long as we remain below 159, I see the same potential for a c-wave down similar to the miners, or even a wave [2] retrace similar to silver. But, with silver taking out the prior week’s high, it has now provided us with what can be viewed as a 5th wave off the recent lows, as shown on the attached 144-minute chart.
by Avi Gilburt - 5 years ago

$XAU - Elliott Wave Chart Analysis on Feb 24th, 2020

This pullback in gold should not at all be unexpected, and still room for lower near-term in wave iv.
by Garrett Patten - 5 years ago

$XAU - Elliott Wave Chart Analysis on Feb 23rd, 2020

Gold trading verysimilar to Sunday, Jan 5th spike higher open, including the price action leading into today.
by Garrett Patten - 5 years ago

Pretty Gold Chart - Market Analysis for Dec 26th, 2019

Gold in lockstep with MMI signals this week.
by Dr. Cari Bourette - 5 years ago

Have a Great Weekend!

Government and geopolitical themes next week to align with the markets.
by Dr. Cari Bourette - 6 years ago

Time Is Running Out In This Pullback For Metals

With the RGLD following through in the analysis I presented this past weekend, it is telling me that we are likely nearing completion of this pullback in the metals. Over the weekend, I suggested that RGLD was the clearest indicator that we still need more downside before this pullback/correction in metals completes. It did not take long after that for RGLD to drop down in the 3rd wave of the c-wave of [4]. At this time, my view is that today’s bounce is a 4th wave within the c-wave of [4]. That means I am looking for a lower low to complete the c-wave of [4].
by Avi Gilburt - 6 years ago

A Simple, But Elegant Resolution In The Metals Market

With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I have been stressing that I was treating the last rally as a corrective one until otherwise proven by the market. But, as I am about to explain, the current action now leads me to a much more simple and elegant resolution to the structure we have been tracking for a number of months.
by Avi Gilburt - 6 years ago

Gold Overbought, Crude Oversold: Market Mood Daily

There is a crude oil buy for Thursday and Friday, then a sell over the weekend. The current oversold condition could add fuel to any rally that might kick in. There is a gold buy Thursday and conditional gold buy Friday. The gold chart shows an extremely overbought condition, so a correction is due at any time, but metals can remain overbought/oversold for an extended period. There are no USD daily trade signals through Friday.
by Dr. Cari Bourette - 6 years ago

Charts on GLD, GDX & More: We Are So Stupid When It Comes To Gold

It is so nice to see everyone following our work and making money in the metals complex. It really puts such a smile on my face and makes all this so worthwhile. But, I gotta tell ya . . . too many of you complain while you are making money. When gold was rallying strongly, and the miners were rallying strongly, all I heard was complaints about why silver has not rallied. Then, as silver explodes higher, all I hear is why the miners are not rallying as much. Folks, please realize that I stress each chart on its own for a reason. You will not be seeing every chart rallying or falling in lockstep throughout the complex.
by Avi Gilburt - 6 years ago

Gold: consolidation is over

Gold: looks like sideways consolidation is finally over. Ideal target in wave (v) of circled iii is 1486.7 GC.
by Arkady Yakhnis - 6 years ago

What Is This Pullback In Metals?

With the depth of the current pullback, it seems that the market is signaling that we are one degree ahead of where I initially expected in MOST of our metals charts. Prior to today’s action, I had initially assumed that the metals were going to see a bigger wave v of [v] of III, especially since we really did not make up much higher ground in the last move to the recent highs. As the last rally came up a bit short in GDX, GLD and silver, it would seem that wave [v] of III was rather small. Therefore, it would suggest that this pullback is wave IV of (3), and I have modified my wave count accordingly.
by Avi Gilburt - 6 years ago

Charts on GDX, GLD & Silver: Metals Look To Continue Higher

Last weekend, the important point of note was that silver had basically run out of room. It had a series of 1’s and 2’s set up for it to “melt up,” but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost able to top tick the high of the week right at our resistance point, at which time I sent out an alert when I suspected that a pullback was imminent. Within minutes after that alert, silver began its pullback within wave iv.
by Avi Gilburt - 6 years ago

Chart on GOLD: What is GOLD Telling Us About The Metals Market?

Since this article is being addressed to longer term investors, I think you will likely appreciate the message within this write up. While I analyze the metals markets on many time frames for the subscribers of EWT,this perspective is based upon a daily chart which has months to still play out. But, before I move into my perspective of the market, allow me to summarize how I view the metals market in general so everyone can make the appropriate decisions for their own accounts, especially since some of you may not agree with the prism through which I view the metals. However, I can tell you that it is based upon much experience with the metals market.
by Avi Gilburt - 6 years ago

Nothing Much To Do

With GDX and GLD bottoming exactly where they “should” have, the rally seems to be back in progress. But, I must warn you that I really do not have a clear 5 waves up in gold at this time. So, let me tell you what I need to see to become an uber bull and go back to buying every dip. If gold can make a higher high, and then pullback correctively and then take out that initial higher high, then the probabilities begin to swing in its favor to take out the resistance noted on our 8 minute chart, and propel it to the 143/45 region.
by Avi Gilburt - 6 years ago

Teasing the Miners (Gratuitous Promo)

In the first part of this evening's StockWaves webinar we thought we would give a sneak peek at what we have been tracking on the Miners Metals in the Mining Stocks service. Did you know that you have access to the mining stocks service at a 50% discount when added to StockWaves? Whether this accelerates as a full on breakout or sets up for some more consolidation soon, this is the prefect time to come and join us as we wade through over a hundred individual miners charts; from the the big guys like GOLD NEM all the way down to some of the nano caps we follow like VGZ.
by Zac Mannes - 6 years ago

USD Pointing Higher, Crude Lower

The Market Mood Indicator (MMI) for crude is looking down through Tuesday. There are no gold or USD trade signals for the long weekend. However, the USD chart is pointing up.
by Dr. Cari Bourette - 6 years ago

Crude and USD Looking Higher, Gold in Bottoming Phase

The outlook for the general trend over the next few weeks is up for crude, bottoming for gold, and up for the USD.
by Dr. Cari Bourette - 6 years ago
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