Over the past 5 calendar years we have seen gold either complete an intermediate cyclical top or bottom.
The market action in both the precious metals complex and the equities markets has been moving in clearly defined Fibonacci and Elliott Wave patterns for quite some time now. All of the recent peaks and valleys in both areas can be clearly demarcated with Fibonacci retracements and crowd behavioral patterns both in advance and in hindsight.
My most recent forecasts for the SP 500 and Gold have been calling for interim peaks in both around Mid- January. Gold, I told my subscribers a few weeks ago, was definitely topping and likely to drop now to $1270-$1280 per ounce before resuming the Bull Market advance. The SP 500 I have forecasted a 1285-1315 topping area since the 1175 pivot lows on that index, and we are very close as well in that regard.
By David Banister- www.MarketTrendForecast.com lang="EN-US">The gold bull has been moving in very reliable Elliott Wave and Fibonacci patterns for many years now, but once in awhile the waters get a little murky for sure.
The Elliott Wave patterns that I use to forecast movements ahead of time in the SP 500 and Gold for my subscribers have been textbook perfect for quite some time. We can go back to […]
In latter August I penned a forecast for my subscribers to TMTF on Silver, and below is a brief excerpt from August 31st: I believe Silver is about to stage a pretty large advance based […]
Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull market. In summary, it's that we are in a 13 Fibonacci year uptrend […]
In my recent forecast updates for my subscribers and also in my free articles online, I have expounded on the virtues of Elliott Wave Theory, which I use as my linchpin for my short and […]
The SP 500 index has run up as forecasted to our subscribers a few weeks ago to a high of 1123 from the 1040 fibonacci pivot. Here at TMTF, we immediately took notice of the […]
I've been busy counting the months of correction since Mid-April this year when I forecasted a top in the U.S. Markets following a massive 13 month rally off the March 2009 lows.
(Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50) Silver is one asset class I do not cover very often, but have been largely bullish on […]
Back in latter June I forecasted a big top in Gold, mostly due to the 5 wave structures up from the October 2008 lows to June highs, and the 5 waves up from February lows […]
In my last article a few weeks ago, I was concerned that the market could have a hangover after the recent rally. Apparently, my concern was not un-founded as we dropped from a rising bearish […]
At Active Trading Partners, we take a different approach to trading than most online services in terms of advising our subscribers. Our methodology revolves around behavioral characteristics of the crowd, and taking advantage of […]
The market dropped unexpectedly today, or did it? Here at TheMarketTrendForecast we review Elliott Wave and Fibonacci patterns to identify potential tops and bottoms in advance. Our subscribers are forewarned of both opportunity and danger […]
Here at TMTF, I enjoy making controversial calls based on Human Behavioral topping and bottoming patterns, often referred to as Elliott Wave Theory. This is a difficult pattern recognition model to follow as there can […]
Back on June 30th, I updated my subscribers that I was looking for an interim bounce in the SP 500 from the 1007 Fibonacci Pivot point to about 1071-1074, followed by much further downside. The […]
Let me first start by saying I've been a long term "Gold Bull" since the fall of 2001, based both on economic factors as well as Elliott Wave patterns that I think are clear on […]
Back in mid April on Kitco.com I wrote a market forecast calling for a top in the SP 500 index and an ABC correction. Since that time I had one intervening update on both Gold […]
The recent Shanghai Surprise has been breaking that potential bullish triangle I outlined several weeks ago with a downside break of 2900. Subscribers to TheMarketTrendForecast.Com may recall that was my line in the sand for […]
We were in front of this latest downdraft and also correct in my bullish projections for Gold at the same time. Gold has hit 1210, the SPY has hit sub 113, which was the initial […]