Steven Hochberg of Elliott Wave International, returns with the Elliott Wave patterns in US equities and gold.
- With the volatility index (VIX) at record levels, what is behind the volatility?
- Is the Yen-Carry trade unwinding via rate hikes by the BOJ?
- What is a "Dispersion-Trade" and how is it impacting market volatility?
- Professor Nassim Taleb's, renowned investor and risk analyst, Barbell Strategy once again trounces buy-and-hope investing.
- Steve notes positive Elliot wave factors for gold, suggesting new All-Time highs ahead, in 2024.
So we've been following gold very, very closely over the last year because we started getting extremely bullish back in September of 2022. We saw an end of a corrective pattern at that point in terms of the Elliott Wave pattern, and the rally since then, which we considered to be a fifth wave, and is not complete...has carried us, you know, spot prices back in September 2022 were about $1615, and now gold's trading at [$2350] basis spot, so we had a really nice run but the exciting part about it from our perspective is that you cannot count the wave pattern as complete.
And so just that fact alone, in terms of the our models tells us that we're going to go higher in gold until we get to a point when we can count the pattern complete.
- Steve draws key market insights from the 3/6 month T-Bill yields.
- Will the Fed make an emergency .25/.50 rate cut before the Sept. FOMC meeting, similar to the 2020 / 2008 stock market meltdowns?
- Steve sees impressive buying opportunities on the horizon.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
