Gold has broken below last year low suggesting it has further downside. This article and video look at the Elliott Wave path.
Gold-to-Silver Ratio is simply gold price divided by silver price. After spiking to all-time high at 126.4 on March last year to 126.4 due to the fear of Covid-19 pandemic, it has turned lower considerably. The average ratio in 300 years history is around 30 as the chart below shows: The natural ratio in the […]
Gold (XAUUSD) rally from December 1 low looks impulsive suggesting the metal can see further upside. This article & video look at the Elliottwave path.
Short Term Elliott Wave view in Gold (XAUUSD) suggests the metal continues the correction lower. The internal of the decline from November 9 peak is unfolding as a zigzag Elliott Wave structure. Down from November 9 peak, wave ((a)) ended at 1850. Up from there, bounce in wave ((b)) unfolded as a zigzag in lesser […]
More coverage on the theme of Precious Metals market series that I am doing right now. I am looking for Jr. producers that offer lucrative setups and are technically clean from the March cycle low. StrikePoint has a fairly clean chart, but is in deep penny stock territory. Rallying from a low of 0.01 cents […]
Government and corporations around the world continue to accumulate unsustainable debt. Since it’s unthinkable for developed countries such as the United States to default on the obligation, the only way out of this situation is to continue to debase currencies. This environment is very supportive for Gold and Silver in coming years. Indeed, Gold has […]