The Chart du Jour
Palladium just made new all-time highs. Platinum is up over 60% in value from last year. The bullish sentiment on gold sags at just 22%. Open interest drops away as long investors fail to roll-over their positions into the August Comex expiry. Apathy reigns.
And we hazard to say everything about the gold chart's Elliott wave count looks bullish. As the chart below generated by Advanced GET suggests, starting from last summer's rally, we have likely completed a huge I-II-III up, followed by an equally huge IV wave A-B-C (complete with a classic small abrogation of the uptrend line typical of 4th waves). Wave IV has come nowhere close to intersecting the top of Wave I that stands all the way down at 358.20. More recently, we have likely done a small 1-2(a-b-c) up. 3 of V up should follow.
But alas this is gold. We have been waiting for some renewed impulsiveness here for far too long. When this move comes (which it will of course -- maybe shortly), we'll almost feel like crying -- it has just taken so long.
Please support Sand Spring Advisors and purchase one of our more in-depth articles below.
How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.>
Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).
Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
Take me back to the Sand Spring Home Page
Comments or Problems
Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at information@Sandspring.com
| Corporate Office: 10 Jenks Road, Morristown, NJ 07960 Phone: 973 829 1962 Facsimile: 973 829 1962 |
Best Experienced with
The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC
This page and all contents are Copyright © 2000 by Sand Spring Advisors, LLC, Morristown, NJ
