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Showing posts with label AG. Show all posts
Showing posts with label AG. Show all posts

Monday, May 27, 2013

Elliott Wave Analysis of Gold Stocks (AUY, AG, RGLD)

A scan of some of the well known Gold stocks reveals a pattern that appears be familiar.


From the Nov 2012 highs, it still looks like its missing some gyrations to complete a 5 wave move, so for now i am looking lower under $13.61.

With a few gyrations missing, i suspect whilst staying under the blue line we will see some more sideways whipsaw.

Unless this stock can show me some impressive upside movement above $13.61, i still feel lower prices are ahead over the coming weeks/months.


This stock appears to be a little ahead of the some other Gold stocks, but i think any bounce will only be wave 4 of the trend that started back in Oct 2012.

So a bounce towards $60-62, for wave 4, then setup for wave 5 under $45.

A strong move above $70 would be a concern for the bears. Although a decent $10-12 move should be very close to setting up, if not already started.


Although its not a Gold stock its showing similar wave structure as the other 2 stocks, which makes sense as both Gold and Silver follow each other, and Gold stocks and Gold follow each other.

I am firm believer that if you find out when the Gold and Silver stocks put in a low, then you will find out when Gold and Silver put in a low.

From the Nov 2012 high, it appears to be close to ending wave 3, although it maybe in place, so a decent move to the upside towards $14.00 can be seen for wave 4, before moving lower in wave 5 to end a 5 wave cycle from the 2011 peak, much like the other Gold stocks.


If you are interested in following these stocks or analysis of these and other Gold stocks such as ABX, NEM, GFI, BVN

Both long and short term wave count ideas.

I am potentially going to put together a newsletter that i will send out once a week and update Elliott Wave counts and suggest trade setups, you get to know where the likely direction and when to buy and sell the stocks listed.

You will get to monitor these stocks via a PDF that will be sent to your email address once, maybe twice weekly if there is a need for it.

So this would be great for the Gold stocks investor, considering the declines on the markets, i think investors of Gold stocks can ill afford to be without solid analysis and Elliott Wave has led the field with predicating Gold stocks moving lower.

See my analysis here on the HUI


If you are interested in viewing this analysis, then please send me an email to enquires@wavepatterntraders.com

The report will be $15 a month and i am positive it will help your trading, knowing when to get in and when to get out without emotion must be better than getting butchered by what the Gold stocks have done to traders and investors over the past 6 months.

Simply understanding what was going on in the stocks mentioned could have saved you $1000s, isn't it about time you trusted someone with a proven history, or will you stick to the funnymentals argument that does not work, or those perma bullish Gold stock analysts that will never tell you to sell a stock.

If there is enough interest i will setup the report for investors to purchase, for $15 a month can you really afford to be without it?

Saturday, November 24, 2012

Elliott Wave Analysis of AG (First Majestic Corp)

This is great looking tex book pattern and one that suggests more upside, if you ever wanted to count a nice looking potential 5 wave impulse move then this is a great example, although its still needs a bit higher i suspect it should push higher to end this advance and towards $24.50 is an objective

We can use this idea for watching Silver as they appear to track each other well, although this stock like all stocks does have the problem of weakness if the main US stock markets dump, like we just saw over the past few weeks

But with an expected move higher in the precious metals (due to expected US$ weakness) we should see both US stocks and the precious metals lift higher, which will aid this stock higher towards its objective

A nice looking Zig Zag for wave [ii], and an expanded flat for wave [iv], so alternation between the corrective waves

A strong move higher suggests a 3rd wave with a 38.2% retrace of wave [iii] for wave [iv] that's a common fibbo retracement

All in all a decent example so far of a text book Elliott Wave 5 wave impulse, so lets see if we can get the final pieces to end the advance