3 replies to this topic

[Kimston]

I posted this on the Gold board but thought some of the E-wavers on the FF board might be interested. It's a long-term chart with potential near-term implications.

One never "knows" of course, but the E-wave count on the CRB looks fairly compelling for an intermediate top. See count here on CRB weekly chart:

http://home.comcast....ice1/Index.html

If this count is correct, we should expect a sharp sell-off in commodities over the next month or two. I have other cycle work pointing to an intermediate low in the dollar now which, if the cycle comes in, should put pressure on metals and "things" in general. Lastly, I have important timing for a turn point in gold on May 27th (+ or - 2 days). I presume it to be a low, but sometimes these things invert.

I am long term bullish on gold, but I've been swing trading since last May and currently short with stops above recent highs.

Kimston

[Cirrus]

I barely ever look at the CRB as it's method of calculation has been changed over the past few years. I follow commodities via GS 5 major group indexes: energy, industrial metals, precious metals, livestock and agriculture. Each of those 5 charts looks very bullish--especially on the monthly and weekly time frames.

[Kimston]

What are the symbols for the GS commodity indexes? They aren't in my database. Thanks

[Cirrus]

What are the symbols for the GS commodity indexes? They aren't in my database.

Thanks

Here are the Stockcharts.com symbols for each index:

$GJX: energy
$GYX: industrial metals
$GPX: precious metals
$GKX: agriculture
$GPX: livestock