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Video Highlight from Sid’s May 29, 2016 “Counts” Webinar – featuring GDX

 GDX, Gold, Miners  Comments Off on Video Highlight from Sid’s May 29, 2016 “Counts” Webinar – featuring GDX
Jun 102016
 

The following is a two-minute video clip highlight from my May 29, 2016 “Counts” Webinar.  This clip features coverage of GDX.

Thumbnail 5-29 GDX webinar highlight

Please join me for my Weekly “Counts” Webinar, where I go over all of my Elliott Wave counts and associated Fibonacci price targets for many of the world’s major stocks markets, commodities, currencies, and bonds.  Hurst cycle analysis is considered on almost all items.  A link to the recording of the webinar is emailed to all “Counts” webinar subscribers immediately afterward, whether they were able to attend “live” or not.  Alternatively, my EWP ScreenShots service provides updated multi-timeframe analysis of the SPX, DAX, Gold, Oil, TLT, US$ (DX), & EUR/USD currency pair twice each week.  All “Counts” webinar subscribers receive EWP ScreenShots as a free bonus.  Many traders and investors have found my analysis quite profitable.

Sid Norris
http://elliottwavepredictions.com

Elliott Wave Update on Gold and Gold Miners (GDX) from Sid at ElliottWavePredictions.com

 Gold, Miners  Comments Off on Elliott Wave Update on Gold and Gold Miners (GDX) from Sid at ElliottWavePredictions.com
Sep 112015
 

Elliott Wave Update on Gold and Gold Miners (GDX) from Sid at ElliottWavePredictions.com.  Click on the charts to enlarge.

GDX moved to slight new lows today, but the larger picture is unchanged.  A large 18-month cycle trough is imminent in gold miners, and Gold and Silver appear to have already shown five small-degree waves up followed by partial retracements in the form of ABC zigzags.

Here are the updated GDX weekly, daily, and 240-minute charts:

GDX weekly 9-11-15

GDX daily 9-11-15

GDX 240m 9-11-15

As for Gold, here’s my main longer term count, shown on the XK futures contract.  The most important aspect of this chart is the interpretation of downward movement since September 2011 as corrective.

Gold weekly 9-11-14

Alternatively, those who prefer to count the downward movement in Gold since 2011 as a 5-wave impulse are generally counting Gold as follows, this time on a chart of GLD.

GLD weekly 9-11-15

Please note that I do not agree with the above interpretation over the longer term.  The most important take-away is that BOTH counts expect Gold to move to the upside next, likely back to the January 2015 highs at a minimum.  If Gold goes up, so will the miners.

Finally, here are both the main and alternate counts on the Daily, 240-minute, and 90-minute charts of Gold XK futures.  Notice the 5-waves up from the July low followed by a corrective ABC partial retracement on the 240-minute and 90-minute charts.

Gold daily 9-11-15

Gold 240m 9-11-15

Gold 90m 9-11-15

Please join me for my Weekly “Counts” Webinar, where I go over all of my Elliott Wave counts and associated Fibonacci price targets for many of the world’s major stocks markets, commodities, currencies, and bonds.  Hurst cycle analysis is considered on almost all items.  A link to the recording of the webinar is emailed to all “Counts” webinar subscribers immediately afterwards, whether they were able to attend “live” or not.  Alternatively, my EWP ScreenShots service shows multi-timeframe analysis of the SPX, DAX, Gold, Oil, TLT, US$ (DX), & EUR/USD currency pair twice each week.  All “Counts” webinar subscribers receive EWP ScreenShots as a free bonus.  Many traders and investors have found my analysis quite profitable over the years.

Sid Norris
http://elliottwavepre.wpengine.com

Aug 122015
 

The video clip below contains highlights from my Weekly “Counts” webinar from three days ago (August 9, 2015).  Included are portions of my analysis of the Dow Jones Industrial average, GDX, and the US Dollar Index.  ALL of the calls in this video were contrarian against the so-called “consensus trades”, like long dollar, and short gold and the miners.  Maybe that’s why they worked so well.  (-:

Please join me for my Weekly “Counts” Webinar, where I go over all of my Elliott Wave counts and associated Fibonacci price targets for many of the world’s major stocks markets, commodities, currencies, and bonds.  Hurst cycle analysis is considered on almost all items.  A link to the recording of the webinar is emailed to all “Counts” webinar subscribers immediately afterwards, whether they were able to attend “live” or not.  Alternatively, my EWP ScreenShots service provides updated multi-timeframe analysis of the SPX, DAX, Gold, Oil, TLT, US$ (DX), & EUR/USD currency pair twice each week.  All “Counts” webinar subscribers receive EWP ScreenShots as a free bonus.  Many traders and investors have found my analysis quite profitable over the years.

Sid Norris
http://elliottwavepre.wpengine.com

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