Silver spot XAG/USD

Rip van Silver fell out of bed during a seismic event and no sooner awakened from its extended coma than it got rediscovered by a dopey punter. From the gutter to stardom just like that fairy-tale story.

gravem somno

Artists impression

Silver lost its precious status and was thrown into the basement with the base metals, but necessity has dictated that it can now be precious once again.

Charts of Gold

Review - 14th July:

This weekly chart indicates the progress of Cycle V. 

It assumes the conclusion of Primary wave [3] of Cycle V at the point where [3] = 2 [1]. 

It demonstrates my discovery of the application of the Commodity Channel Index as a leading indicator during divergence episodes with both the RSI and the price action. As can be seen here the CCI has predicted each major pull back during [3] and now it supports the assumption of the conclusion of [3]. 

Lockdown Deaths

From 2nd July:

Most likely a lot of shorts went on gold yesterday, but the gold chart indicates that this instrument is playing its own unique tune of fake freedom as it steps up the pressure into the Primary wave [3] finale. 

This Gold futures take presents with a more visible double zigzag for 4.

stulti irruitis

From 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

These musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

From 19th June:

When the mist clears you can see Excalibur emerge from under the water.

non fumigans

Chart of Gold Fields (New York) 

Elliott Wave Rules & Guidelines 

Gold Fields ADR, New York

Update 10th July:

From 6th July:

The price action for Gold Fields ADR has entered the target cluster zone for Primary wave [3]. 

summo secretum

From 17th June:

Gold Fields ADR is seen to be approaching the conclusion of the extended Primary wave [3]. The target zone is indicated by the 1.62 Fib ratio of Primary wave [1] for wave [3] as well as the equal legs projection to and from the mid-wave reset of [3]' [4]'. 

Nosti quid sit?

XAU/GBP

This daily chart of spot gold in Sterling XAU/GBP observes the extendings within Primary wave [3]. Now entering Intermediate wave (5) following a complex extending of Intermediate wave (3). This is not the only available observation. There is always at least one other viable option. The objective is to find and go with the correct one. Assuming it makes a difference to the prospective outcome.

vitare dolore

BTC/USD Charts

BTC/USD

The first chart still sees that Primary wave [3] has commenced. It has retraced Primary wave [2] by approx 62%. 

Assuming that the completion of Intermediate wave (1) is also being indicated by the RSI divergence then a typical target for wave (2) is pointed out. 

The structure of Intermediate wave (1) is examined and although not unquestionably perfect, it gets a good probability pass. 

S&P 500 Chart

Update 17th July:
The chart matures into a more classical work of manipulation.

citius adulterantes

Article: Lockdown Deaths, Not Covid Deaths

My numbering:

From 13th June:
The overwrought "rally" is configured for dual purpose but designed for something specific.

Look what the Brits did to themselves:

BTC/USD

XAU/USD

This 4 hour chart takes the view that Minor wave 4 of Intermediate (5) has concluded via an equal legs correction pattern which has followed the Minute degree 4th wave of the symmetrical triangle. 

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 

The standard version of the theory applies.

My Wave Numbering

S&P 500 Futures Index

No matter which way the S&P 500 futures chart is seen, a correction is required. The Fed will need to master the art of mass hypnosis in order to deceive everyone into seeing something otherwise.

Bitcoin BTC/USD

This chart is not exactly the same as the Bitfinex one, but its close enough for the purpose.

This daily chart expects the completion of Minor wave 1 before the pull back of Minor wave 2. These two waves are within the 5-wave uptrend of Intermediate wave (3) which is within the 5-wave uptrend of Primary wave [3].

I see wave 1 as an unfinished 5-wave impulsive pattern which is busy with its 4th wave. This is the basis of my opinion at this moment. If the chart changes from this expectation then so will my opinion.

The typical target for 3rd waves in a bull trend is 1.62 of the 1st wave. This often requires an internal extension of the 3rd wave where waves 2 to 3' and 4' to 3 are similar by having 5 smaller waves within each. For purpose of projection wave (4) turns down from (3) by a distance that is assumed equal to wave (2), then the 5th wave is assumed equal to wave (1) and ends at [3]. This method is sometimes over-ambitious. The results for the 3rd waves will have a strong influence.
I will be looking for an approach of 2 for the next purchase.

The future timeframe can be very different to what is squeezed in here, but 3rd waves are generally driven by strong momentum.

My Wave Numbering