Pierce Wellington
Senior Technical Analyst
Pierce Wellington is the Senior Technical Analyst and a head trading consultant. After making unwise decisions early in his trading career, he developed a passion for Education, Technical Analysis and Trading Discipline. He has successfully traded the Gold and Silver markets for over a decade and is a Chartered Market Technician (CMT).
Pierce Wellington Articles
In my last published article titled “Intermediate Forecast: Gold, Silver And Mining”, I noted that prices were fast approaching our initial target areas for gold, silver and miners. Most have reached the previously posted targets....
In the last intermediate gold update, posted a month ago, it had become apparent that the 6-month cycle in gold had bottomed and that prices had begun the next rally phase. Prices are now approaching the original target area laid out in...
In the final part of this series we will look at the potential causes of rising metal prices, the presidential cycle correlation, and what to expect from gold prices in 2016. Click here to see Part 1 and Part 2.
In Part 1 we covered Speculative Bubbles and the Intermediate Gold Targets. Here we will look at the new factors that will shape future bubbles and the different precious metal investment vehicles.
It’s my belief that the gold and silver bull market has been taking a well-deserved respite before it enters the final rally phase, conceivably ending in a speculative mania. Precious metals appreciated significantly into 2011 from their...
In my last gold update (11/19/2015) I called for gold prices to continue lower into a December 6-month cycle low and that prices would likely test the $1,040-$1,000 levels. The Fed made their announcement yesterday…and it often takes 1-2...
Occasionally I receive emails from discouraged investors who are ready to give up on gold and silver. Some invested in 2010…and again in 2011 as prices were peaking, while others bought at much cheaper prices and are now wavering in their...
A couple weeks ago I called for gold prices to form a temporary bottom, make a failed rally and then continue lower into the 6-Month cycle low (December). However, the excellent October jobs numbers (271,000 vs. the expected 177,000)...
Gold prices should form a temporary bottom within the next day or two and then proceed to rally for a short bit. Sadly, this will be just a relief rally, and prices are expected to rollover, continuing lower into a December low.
A little over two weeks ago I wrote gold and silver price forecasts explaining that cycles should soon top and then head lower into December. Coincidently gold topped October 15th at $1,191.70, the day the gold forecast was released, and...
