Avi Gilburt

Elliot Wave Technical Analyst & author @ Elliott Wave Trader

Avi Gilburt is a widely followed Elliott Wave technical analyst and author of ElliottWaveTrader.net, a live Trading Room featuring his intraday market analysis (including emini S&P500, metals, oil, USD & VXX), interactive member-analyst forum, and detailed library of Elliott Wave education. You can contact Avi at: [email protected].

Avi Gilburt Articles

Originally published on Sat Dec 21 for members of ElliottWaveTrader.net:   When the metals are in a bear market, metals enthusiasts are frustrated.  And, even when the metals are in a bull market, metals enthusiast become frustrated.  This...
I know that many investors follow correlations as if they were gospel. But, do they really understand what a correlation represents?
I want to take you back a bit in time so you can develop the appropriate perspective of a bottoming process in the metals market.
With the latest news of Louis Bacon’s closing down his hedge funds, we are seeing further evidence of the difficulties hedge funds have been having during recent years.
Many people feel that the metals are too hard to trade.  Personally, I view them as much easier to trade since they are a rather pure sentiment trade. And, they have acted almost perfectly within our expectations of late.
When the GLD dropped down off the October 25th high in a 5-wave structure, this provided us with the warning that a deeper c-wave can take hold.  In fact, as we began the rally off that 5-wave decline, I began noting in our trading room...
The metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.
Oftentimes, you need to have patience when it comes to the metals.  You see, while they move very quickly when they do move, the rest of the time they simply consolidate until they are ready for their next big move.
While we have the minimum waves now in place to consider that the pullback/correction we have been tracking for the last two months has completed, and the market has clearly held the support we have outlined which we expected to hold...
There is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got...
18 karat gold is 75% pure gold.

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