In addition to the posts shown below, most Daily Update posts include a chart and forecast for gold futures.

iPath Dow Jones-UBS Copper ETN (JJC)

I went ahead and did the copper analysis for the respective ETN. I've added some additional chart geometry and the Wave 59 9-5 study to the monthly chart but otherwise the story is the same as for copper futures.

Copper futures 2017-11-05

Up until the middle of next last month, I had been treating the rise in copper as a deep wave four but I am promoting the alternate to primary, an initial impulse up from the early 2016 low. That does not mean that I changed my mind about this advance ending, but that I have thrown in the towel on expecting a new low on a turn lower.

Gold futures 2017-10-31

I have been putting off a bigger picture gold post as I have been reevaluating the big picture EW counts. Let me start with the two scenarios I had been using and move on from there.

Copper futures 2017-08-12

I just can't get excited about this move up in copper as being the start of a major break higher. Instead, I still see this as the calm before the storm. Primary count is this being a wave (iv). I've marked the zone of overlap where wave (iv) would be invalidated. I can tolerate a brief spike into that zone but not a close.

Copper futures 2017-06-24

I'm skeptical that copper has found a lasting low but has yet to drop impulsively from resistance tested earlier this year. Prices have fallen from the channel and other resistance from February but...

Copper futures 2017-05-29

The copper bounce up from early 2016 has stalled out at the top of a channel and leaking lower for the past few months. I am working under the assumption that February 2017 is the end of a...

Copper futures 2017-05-14

The 2016 bounce in copper ran into resistance from various channeling techniques early this year and has been drifting lower since. I remain skeptical that a significant low has be set in copper,...

Gold futures 2017-04-17

The form would be improved with a consolidation and another push higher but anyone nursing a long gold position should be managing their position. I'm starting to get worried about gold now as this...

Gold futures 2017-02-11

Note: Fixed typo on weekly alternate chart Gold has been performed well from the low late last year but should be due for a stall or retrace that should span three to five weeks. I am including...

Metals