Category Archives: Commodities

Is Gold ready to collapse? 7 June 2009

Posted on June 7, 2009 by Ramki

Has Gold completed its 2nd retracement that often follows a fifth wave extension? This is an important question because if Gold has indeed finished its upmove, what should follow is a significant down move that could reach 650, or potentially … Continue reading →

Share
Posted in Gold | Tagged | Leave a comment

Outlook for Gold

Posted on April 27, 2009 by Ramki

Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge traders to be paitient because the recent moves are not suggestive of an imminent reversal. Take a look at the chart below for additional inputs.
Elliott Wave Analysis of Gold Continue reading →

Share
Posted in Gold | Tagged , , , , | 3 Comments

Don’t get overly bullish on Gold

Posted on December 24, 2008 by Ramki

Yesterday someone told me that he has been long Gold and is very happy. I remembered that sometime back I had posted an update saying that Gold will eventually move below $650. I am now saying that we will go even lower, perhaps to $560-580. How do we profit from this call? There are two or three things we could do. Continue reading →

Share
Posted in Gold | Leave a comment

Fifth wave extensions can make you rich!

Posted on November 20, 2008 by Ramki

The easiest way to make money in any market is after a fifth wave extension. While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the correction starts. Continue reading →

Share
Posted in Euro, Gold, Oil, S&P500, US Stocks outlook | Tagged , | 14 Comments

The Gold Rush (for the exits)

Posted on October 23, 2008 by Ramki

A couple of days ago, I tempered my bearish view on Gold by presenting a 30-minute chart. The sideways movement appeared to me as the beginning stages of a complex correction. Unfortunately, while the correction was “complex” in text-book terms, it didn’t quite recover sufficiently to give us another chance to shout “sell”. Continue reading →

Share
Posted in Gold, Nasdaq | Tagged , , , , | Leave a comment

Gold likely to regain some sheen

Posted on October 20, 2008 by Ramki

Well, well. The decline in Gold from $931 down to $771 was quite a surprise to many traders, but you were forewarned of the impending sell-off. However, we are now faced with a situation. The speed of the decline is making me a bit nervous about staying short. Remember the time when it gapped down from around $876? Continue reading →

Share
Posted in Gold | Tagged , , , | Leave a comment

O Love of gold! thou meanest of armours!

Posted on October 12, 2008 by Ramki

Sometimes we celebrate too soon. I could be faulted for that vanity quite soon. But the signs are all there. A recovery to very near the resistance at $940 folowed by a $90 drop in a single session can only suggest that (a) there are no fresh buyers out there and (b) some people are actually selling even in the face of continuing troubles in the global financial markets. How else can you explain the gaps! Continue reading →

Share
Posted in Gold | Tagged , , , | Leave a comment

Gold is doing its final lap now

Posted on October 8, 2008 by Ramki

Quite a few investors and traders whom I know have been betting big on Gold. For them, this post should should serve as an early warning of what is to come. Once the current strength wanes, the metal will simply … Continue reading →

Share
Posted in Gold | Tagged , , | Leave a comment
« Previous Page  1 2 ... 6 7 8 9 10   Next Page »