Pendulum Swing #9: Palladium Vs. Gasoline

2020 has kicked off, and it is time to see where the earlier Pendulum swing #8 has stopped to check if it worked properly. To remind you, we had pitted gasoline against natural gas and below are your bets for that experiment.

Gasoline

Bingo! The majority of you bet it right choosing Natural gas as a winner, and as you can see in the next chart that it has lost 5.42% as gasoline has dropped more than 10% to top the losers’ camp. I want to express my gratitude to those who chose the experiment success option for your trust! So, after the earlier failure in the first half of 2019 (7th swing), the Pendulum experiment is back on a winning track! We got only 2 failures out of 8 experiments now. Let’s push it again and see what happens.

Half Year Futures Performance (Second Half Of 2019)

Gasoline
Chart courtesy of finviz.com

The regular champion and the buzz maker palladium has topped the chart again for the past half of the year as it scored the most with more than 24% gain. On the other side of the scorecard, there is the former champion gasoline, which failed to perform in the earlier contest. Continue reading "Pendulum Swing #9: Palladium Vs. Gasoline"

Top Currencies VS. Gold In 2019: Last Man Standing

It’s time to find out in this traditional yearly post if there were any currencies that could beat the mighty gold this year.

7 currencies represent the fiat money: US dollar (USD) and 6 components of the US dollar index (DXY) placed by weight: euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK) and the Swiss franc (CHF). This time I added the Bitcoin from the crypto-world.

Before we get down to the results of 2019, let us see below how you forecasted the future back at the end of December 2018.

LLLL

The majority of you again, as last year, bet that the primary currency (USD) would defeat all other rivals to come out on top in 2019. The readers’ geography played a crucial role here. The second choice was the Japanese yen; I guess it was selected as it topped the chart last year.

Bitcoin ranked the third; it was the top loser last year. It looks like some readers watch my Pendulum experiments closely.

Let’s look at the diagram below to find out the results. Continue reading "Top Currencies VS. Gold In 2019: Last Man Standing"

Gold & Silver: Santa Claus Rally Postponed

Both metals missed the time targets, which were set on the 13th of December for gold and on the 20th of December for silver in the previous post as I was expecting the Last Drop Ahead Of Santa Claus Rally.

I updated the charts below and went deep into the anatomy of the current consolidation in the "bc” segment to show you in detail what holds the price for so long delaying the last drop. For that reason, I switched to a lower time frame of 4-hour.

Let me start with the silver chart as it has a less complicated structure than gold, and I will use it as a navigator.

Chart 1. Silver 4-hour

Silver
Chart courtesy of tradingview.com

Corrective structures are tricky as I always repeat it as a mantra, but it really has such a nature as it reflects the uncertainty in the market mixed with attempts of different market forces to break out of the current status quo. This creates sharp zigzags and false breakouts as we see it on the silver chart above. Continue reading "Gold & Silver: Santa Claus Rally Postponed"

Gold & Silver: Last Drop Ahead Of Santa Claus Rally?

Both metals went amazingly well with the plan that I shared with you a month ago. I have shown you a possible structure of more complex correction and set the time targets for both metals. Below you can see where you thought the completion of the corrective move would finish.

gold silver poll

The votes were split almost even with a little margin in favor of the gold bugs as they preferred January 2020 as the ending point for the current extended correction. Silver fans chose Christmas day as their metal's chart showed it as a result of calculations.

Later on, there was an update where I set the price targets for both gold, and silver for the upcoming drop as the structure got more clarity.

As time goes by and the chart moves to the right, adding more and more bars, we can see the picture even clearer now to adjust both time and price targets for top metals below. Continue reading "Gold & Silver: Last Drop Ahead Of Santa Claus Rally?"

Platinum Could Rocket To $1912

Last time I updated the platinum chart in March was when "Palladium Pushed Platinum To A Record Low" within the ratio mostly due to the strength of palladium. Platinum has hovered around $900 for three years now as it was lost and forgotten after the “execration” of diesel engines. This "fallen angel" had been shaping a sideways consolidation this past spring, and I had thought it could repeat 2018’s drop following the same structure. The targets were set at the $640 and $401 on the downside, and the invalidation point was assigned to $1034.

Let's see below how you voted for the future of platinum.

Platinum

Most of you picked the $1034 option, which implied the breakout of the consolidation in the upside direction towards the invalidation area. This was the closest call as the majority voted for a bullish move, which, indeed, had happened as platinum couldn't break below the consolidation valley of $788 and bounced up to reach the $1000 level this past September. That price hasn't been seen since February 2018. Again, this was your amazingly accurate prediction, not only for that period but also for a longer-term outlook as I spotted it in the big chart below. Continue reading "Platinum Could Rocket To $1912"