by Tom Pizzuti | Nov 5, 2017 | Metals, Premium
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.
by Tom Pizzuti | Oct 31, 2017 | ETFs, Metals, Premium
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.
by Tom Pizzuti | Aug 12, 2017 | Metals, Premium
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.
by Admin | Jun 24, 2017 | Metals, Premium
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 have yet to drop down under 2.50 for long which certainly makes it...
by Admin | May 29, 2017 | Metals, Premium
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 correction and now in the early stages of a decline to what will eventually be...
by Admin | May 14, 2017 | Metals, Premium
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, this may be the early stages of a move down over the next couple years...
by Admin | Apr 17, 2017 | Metals, Premium
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 could be setting up an intermediate type high. Overall thinking it...
by Admin | Feb 11, 2017 | Metals, Premium
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 charts, both monthly and weekly, that cover the two scenarios in gold that...
by Admin | Feb 9, 2017 | Interest rates, Metals, Public
February 2017 bulletin from Trading On The Mark
by Admin | Feb 1, 2017 | Metals, Public
It was late August when we suggested that See It Market readers should watch for a pullback in gold prices. In subsequent months, shares in the SPDR Gold Trust (NYSEARCA:GLD) retraced more than 75% of the gains they had made since 2015.