ElliottWaveTrader.net
Commentary
Is It Time to Give Up?
by Avi Gilburt of ElliottWaveTrader.net,
When dealing with markets, one must avoid, as much as possible, emotional responses and simply focus on the facts before us. Last weekend, I presented my “factual” analysis of the market, and explained why I have retained a larger degree bullish perspective.
Commentary
Where Did The Bulls Go?
by Avi Gilburt of ElliottWaveTrader.net,
When everyone turns bearish, especially after an impulsive structure off the 2015 lows has completed, and starts looking to further lows in the complex, it means the time is approaching for a potential reversal.
Commentary
Correction Almost Completed
by Avi Gilburt of ElliottWaveTrader.net,
I am going to begin this update with a very simple proposition: get your shopping list in gear, as the time to buy is upon us.
Commentary
Miners Can Double or Triple Within Nine Months
by Avi Gilburt of ElliottWaveTrader.net,
Yes, you heard me right. The miners are setting up in a pattern which can see them double within the next nine months. So, let me explain.
Commentary
Time to Re-Assess
by Avi Gilburt of ElliottWaveTrader.net,
After coming into this past week still expecting the market to test a bit lower towards our 28.50-29 region support level, we clearly tested that region. However, the market did not pass that test.
Commentary
Textbook Set-Up in the Metals Complex
by Avi Gilburt of ElliottWaveTrader.net,
Last weekend, I prepared you for the potential set up for the 3rd wave to much higher levels in the metals complex. More specifically, I provided you with a map as to how the 3rd wave set up would look on the GDX, should the market comply by filling in our 8 minute chart as outlined.
Commentary
Are We On The Verge Of A Melt-Up In The Metals Complex Or Are Lower Lows Still Possible?
by Avi Gilburt of ElliottWaveTrader.net,
After we caught the lows in late 2015 and early 2016 in the metals complex, the market has been acting quite bullish. But, “acting” bullish is not the same as resuming a bull market. The latter is that for which we seek confirmation in the current set up.
Commentary
Why Is This Correction Different From All Other Corrections?
by Avi Gilburt of ElliottWaveTrader.net,
After reading the title, you may expect me to say something like “let my metals go.” And, you are likely quite right. So rather than afflicting you with the plague of darkness, allow me to illuminate how I view the market as it currently resides.
Commentary
The Metals Complex Is On The Edge Again
by Avi Gilburt of ElliottWaveTrader.net,
For weeks, the GDX has been on the edge of a break out, while showing signs of the corrective pullback we would rather see first.
Commentary
Has The Miner’s Correction Finally Begun?
by Avi Gilburt of ElliottWaveTrader.net,
While the GDX did not strike its upside resistance, it may have come close enough to consider it having topped. The question now is how do we view the coming “correction.”
Commentary
More Bullish Signals
by Avi Gilburt of ElliottWaveTrader.net,
I believe the market action over the past week was quite significant due to the break out we experienced in silver. This latest action provides further support for the potential that a long term bottom has been struck in this complex.
Commentary
Corrective Action Continues – But, A Rally May Still Be Seen
by Avi Gilburt of ElliottWaveTrader.net,
have said many times before that trying to track every twist and turn within corrective action is like trying to throw Jell-O for distance . . . you just won’t be able to get it all.
Commentary
Market Assumptions Are Wrong Again
by Avi Gilburt of ElliottWaveTrader.net,
This past week, much was written about expectations regarding the ECB actions. The wide consensus was that the Euro was going to tank and the metals would tank with the Euro. However, that is not exactly what we saw.
Commentary
Can Silver See A Lower Low Without Gold and GDX?
by Avi Gilburt of ElliottWaveTrader.net,
In short, the answer to the question in the title is “yes.” And, since we have different pattern potentials in the different segments of the market, we may have to analyze them separately this week.
Commentary
Can the Metals Continue Their Strength to Prove Bullish Again?
by Avi Gilburt of ElliottWaveTrader.net,
This past week, I had an experience which was quite interesting. As many of you know, I write for Market Watch, and sometimes will post an article about precious metals. Over the last few years, I have been told that my gold articles have been some of the most well read articles published on Marketwatch. In fact, an article I wrote last year on gold was read by hundreds of thousands of people.
