At Berkshire Hathaway’s annual meeting 2018 this weekend, Warren Buffett revealed that $10,000 invested in an S&P 500 index fund in 1942 (there were none at the time, he noted) would be worth $51 million today. However, $10,000 invested in Gold would be approximately $400,000. (This is not the first time Mr Buffett has taken a […]
Comex Gold is moving within a large complex 4th wave and the final ‘Y’ leg of the 4th wave may have just started.
Besides the June low of 1181, a couple of important Fibonacci support clusters are placed around 1180’s. Also, on the day when Gold hit a low of 1186, a survey of futures traders who were bullish on Gold was a mere…
The Baltic Dry Index has been dropping continuously for the last 31 sessions. The index just broke through the 2008 low and this is worst reading on this index for the last two and a half decades. If you are wondering why should this be of any significance – the index is a very important […]
Nifty(4760.60): It has taken just 3 sessions to retrace a little over 3/4ths of the move from 4640 to 5100. The probability that wave ii of wave 5 ended on Friday itself and the markets are progressing in wave iii of wave 5 is quite high. In simple terms, the markets are in the most powerful leg […]
Nifty(4760.60): It has taken just 3 sessions to retrace a little over 3/4ths of the move from 4640 to 5100. The probability that wave ii of wave 5 ended on Friday itself and the markets are progressing in wave iii of wave 5 is quite high. In simple terms, the markets are in the most powerful leg […]
It’s been a while since our last post on precious metals. The price action right now seems to be offering a decent opportunity for a trade here. Silver: The last post on silver was on Sept 16th when Silver was around $40 and expected a decline to $26. We are labelling that as part of the third […]
It’s been a while since our last post on precious metals. The price action right now seems to be offering a decent opportunity for a trade here. Silver: The last post on silver was on Sept 16th when Silver was around $40 and expected a decline to $26. We are labelling that as part of the third […]
Silver saw a steep drop from $50 to $32 in the month of May and the rise post that has been in a corrective fashion. The above chart of silver shows a rising wedge pattern with a typical throw-over to the upside. Yesterday’s close was well below the bottom of the rising wedge and this should usher […]
The up move in Gold is starting to look similar to what silver was in April. Yesterday’s intraday high of 1782 and a much lower close is the first warning sign. This does not necessarily mean that Gold will start crumbling right away. In fact an erratic rise, like the two scenarios shown on the […]
Just one day prior to the anniversary of Dow’s 1000 point crash, the Ghosts of the ‘flash crash’ came back to haunt risk assets with greater ferocity. Crude got walloped by 10%, Gold got slammed by over $50 and Silver was decimated by another 12% on top of its recent sharp drop!! The force behind this […]