Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label ABX. Show all posts
Showing posts with label ABX. Show all posts

Sunday, September 15, 2013

Gold Stocks Report: GG, ABX, NEM, BVN, KGC, GFI, GOLD, HUI

Do you want to know where Gold stocks are likely going to go next?

Sick and tired of getting burnt?

Are your frustrated with not knowing where the market is going?

Are you a long term investor that needs some guidance?

Then the Gold Stocks report is just for you.

Its a simple PDF report that will be mailed to your email box once i receive confirmation of your purchase.

It clearly explains where i think the mentioned Gold stocks are likely to be going over the coming months/years.

This is your road map for the future.

I will be also be updating the report in 3-6 months, so you will get the next report at a reduced rate, simply email me the receipt of your purchase.

With Gold stocks suffering for 2 years, understanding the next likely direction, could  save you $1000s on your portfolio as well as make you $1000s.

Knowing when to buy and when to sell is the key to success.

Stocks included are: Gold Corp (GG), Barrick Gold (ABX), Newmont Mining (NEM),

Compania De Minas Buenaventu (BVN), Kinross Corp (KGC), Gold Fields (GFI), Randgold (GOLD) and analysis of the $HUI.

I have also added additional analysis of $SSRI $XAU, GDX and  Harmony Gold (HMY)

I usually charge $25 for a detailed report for any stock or market but i have combined a number of regularly followed Gold stocks to offer Gold stock investors a report that i think all investors should be reading.

To order, click the "buy it now" Gold stock report link to the right, once i receive payment, i will send your report within 24hrs.

It may just be the best $20 you ever spend.

Considering the "experts" have been horribly wrong on Gold stocks, why not try someone who "nailed the HUI high back in Sept 2011.

To prove I nailed the high here is the chart i posted to members on 09 Sept 2011

Before:


After:



NB: Labels withheld, they are included in the report.

I recommend to members get long DUST.

Is the high in?? or do we need one more high, the trade is use options or buy DUST like i am planing on doing, going to be a great move, if that long term chart i showed a few days back works out.

A few members sold all their Gold stocks on my recommendation (after much persuasion), as well as getting long Dust, they came away with smiling faces. The best $20 they ever spent (that's the price of membership per month for US stocks Gold stocks are included in that package).

The rest is history.

Members if you are reading this, you can send me an e-mail i will forward the report at no charge, the report is free to members of Wavepatterntraders.com
 
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Here is a bonus chart that is included in the report, the rest of the report is similar.


Gold Fields (GFI)

Monthly Chart



This appears to be in wave C of a larger [B] wave, currently it also appears to be in wave 5 of wave [3].

So a new low should finish wave [3], then set up a move higher in wave [4] towards $7.00 before a new low for wave [5] of the larger wave C and end a 3 wave decline for an even larger wave [B], then set the stage for a multi-year rally over the coming years.



Sunday, June 30, 2013

Market Report: Low in for Gold Stocks?

$HUI

I have been tracking a potential 5 wave decline in Gold stocks to help me also find a low in Gold

Fridays reversal in both the $HUI and Gold was an encouraging sign for the bulls and whilst its only a 1 day move, it has the potential for something much more.

Off the lows we don't yet have a small 5 wave move, but its encouraging to see a decent reversal, every turn starts out with the not many believing the market has turned, but when i can count a market having made a 5 wave completed sequence, i go into DEFCON mode looking for evidence a potential reversal.



The reason i was holding off suggesting to members to buy Gold and Gold stocks was the lack of evidence of a completed 5 wave decline in the $HUI.

But now we might have some evidence to suggest the trend from the Sept 2012 high (530) is over and a strong counter trend rally is under way, one that could possibly take the $HUI back to the $350 area.




Short term we need to see a small 5 wave advance, followed by a small 3 wave pullback, that will offer traders the chance to get long with limited risk.


So rather that "take a stab" at the low, we have a controlled setup that we want to see before we put $$ to work, whilst many others have been completely wrong footed by this decline.

I have been recommitting to members to stay well away from Gold and Gold stock until we have a completed 5 wave decline in place, we now have some evidence to suggest we could have a strong setup for a trade able move.

ABX

If you are aware of the component makeup of the HUI, you will be aware then that Barrick Gold is a large component of the $HUI, in fact its number 2 in the weighting of the HUI, so it pays to watch other stocks and their relative Elliott Wave counts.







The monthly chart of ABC suggests wave [3] of a larger wave C is close if not completed, with the evidence shown last week, there is a strong evidence a low could be in place

With a decent bounce expected on the HUI based on its wave count, that should also align nicely with a bounce to around $20-25 on ABX, before new lows would be expected and finally completing long term patterns.

With Gold stocks probably one of the most hated investment vehicles around and a wave structure that looks complete, it makes for a low risk setup for a decent profitable trade, to those that have waited for the conditions to align.

Its times like these, that the if the conditions dictate, we need to rise in the face of fear and buy when not many are interested, i find the most profitable trades are when i go against the majority of the crowd, that's not to say we just fade the crown at any point, we still need a certain number of things to align.

A i write this, those conditions appear to be in place to offer a low risk setup, with minimum risk, the reward could be a substantial trade if it works out the way i suspect it will.

One day does not confirm a reversal, but we have to start somewhere.

Until next time

Have a profitable week ahead