Posts tagged ‘gold’

Metals Rieki & Jiseki updated

XAU PHLX gold silver Index Rieki has turned negative from near 100 levels. XAG (Silver) is also negative. The Silver (ISHR SILVER TR) is also at an extreme ranking (the best performer) among our global coverage. Base metals Zinc and Aluminum have non confirming Rieki performance cycles. Overall the metals complex remains topping for us. Palladium is the best reduce (Sell) while Zinc and Aluminum are the worst ranking metals (the holds). From a strategy point of view, short Palladium and Tin, long Aluminum and Zinc should work.

Naked and/or pair strategies are not riskless strategies. Time arbitrage portfolio legs should be risk weighted before any implementation. Please mail us for a detailed working or consult a local financial risk manager to execute these pairs. For more details please subscribe to the Orpheus Research.



Metals Rieki & Jiseki updated

XAU PHLX gold silver Index Rieki has turned negative from near 100 levels. XAG (Silver) is also negative. The Silver (ISHR SILVER TR) is also at an extreme ranking (the best performer) among our global coverage. Base metals Zinc and Aluminum have non confirming Rieki performance cycles. Overall the metals complex remains topping for us. Palladium is the best reduce (Sell) while Zinc and Aluminum are the worst ranking metals (the holds). From a strategy point of view, short Palladium and Tin, long Aluminum and Zinc should work.

Naked and/or pair strategies are not riskless strategies. Time arbitrage portfolio legs should be risk weighted before any implementation. Please mail us for a detailed working or consult a local financial risk manager to execute these pairs. For more details please subscribe to the Orpheus Research.



The Dow Rieki

Dow Jones Industrial is not the best, but is near the top.  Being an index we don’t expect rankings to push higher till 10 or higher. The Rieki crossover is negative. We continue to looking at a topping performance case on Dow as it moves higher. Irrespective of popular belief Dow should underperform the top 50 global assets.


Silver gets ready to complete final leg, after which it should fall 25%

Unlike Gold, Silver seems to be completing a final v subminor up. This seems to be a completion of the leg up from Nov 2009. And considering the large exponential blow off that we illustrated prior and Silver topping the Jiseki rankings we continue to look at any leg up on Silver now as the last leg after which the white metal should fall back into 22.40 previous iv wave supports. Gold also seem to be in the final Y minor leg up and should follow silver down.

TICKS.GLOBAL covers DOW, GOLD, SILVER, OIL, EURUSD, DAX and other global assets and futures on an Intra day basis. The reports are published through a self refreshing webpage. TICKS.GLOBAL is a web based service it is only available through the Orpheus Site.


Top 50 Global Jiseki Rankings

Natural Gas is still the worst and Silver, Coffee, Sugar, Copper are the best. The surprise is EUR USD which is one of the worst performing pairs. The pair has not bottomed yet, but this case is not very encouraging for our iii of 3 on dollar. We will keep you posted.

Enjoy the latest Jiseki integrated rankings. We have integrated multiple degree of Time to create Jiseki Rankings.

Rieki and Jiseki are Japanese words for performance and performance cycles. Since we are speaking of multiple degrees of time, we use Rieki for performance cycle on one degree of Time and Jiseki for an integrated performance cycle for multiple degree of Time. Performance cycles are created from relative performance ranking. The above chart is the integrated ranking for Indian Health care sector. Cadila, Dr Redy’s and Sun are the top rankers. While Divi’s, Piramal and Cipla are the worst rankers. Orpheus performance cycles invest in the worst and sell the best. This is why the top short opportunities for Indian Health Care are respective top rankers and vice versa. To understand the strategy working try out Orpheus Research Alpha Products.


Gold - Silver Ratio (Archive)

First published on 13 Nov 2006

Did you know that the price relationship between Gold and Silver is not fixed? It varies substantially. And it has predictive value too. As in different market environments, the value of Gold is perceived differently than Silver. Gold is perceived as an important crisis commodity. As fear replaces confidence, Gold increases in value relative to Silver. For example risks of economic and political upheaval. When the market risks are low Silver is preferred over Gold, as the white metal has many industrial uses and the consumption of Silver grows in a rising economy.

The last time the value for the ratio dipped below 1 was in 1997 and then the South East Asian crisis broke leading to a bounce back in ratio. And since 1984 the ratio has never been below parity. At this stage after 22 years the ratio is headed down below 1 again. Rather it is now ruling at sub 1 level. Now there are two ways to see it, one that we are in for more prosper times that we have not witnessed since 1984. If this is true Gold should continue to fall relatively to silver, or underperform silver. Second way to look at it is that we are once again sitting at the edge of a crisis, which might be just around the corner. At this stage, we have a falling five wave ratio line. This means that there is no fear in the market and hence this maybe not an opportune time to go long on the crisis commodity yet.

Our alternate count on Silver saw the metal moving up to fill the anticipate gap level at 12.6. Our back up count on Gold also saw it touching anticipated levels. However, we still believe that Metals overall continue to move against a price overhang. Above 640 many things change for our Gold count. At this stage we anticipate resistances ahead for Gold, Silver, MCX – Gold Near, HUI – Gold Bugs, NEM Newmont Mining Corp, GFI Gold Fields Limited and XAU – Gold and Silver Index, at 640, 13.2, 9300, 340, 47.4, 18 and 144 respectively.


WAVES.GOLD - FINAL LEG UP

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ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA

WAVES.GOLD is a perspective product published on Tuesday and Thursday. The report highlights GOLD and other precious and base metals. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

REUTERS RICS: XAU=, XAG=, XPT=, CU-NYC, .SPGSIZ, SPGSIA,.NSTL


SILVER. ANTICIPATED AND HAPPENED

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ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA

WAVES.GOLD is a perspective product published on Tuesday and Thursday. The report highlights GOLD and other precious and base metals. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

REUTERS RICS: XAU=, XAG=, XPT=, CU-NYC, .SPGSIZ, SPGSIA,.NSTL


GOLD 1000 IS HERE

We have been on positive territory on Gold from 900 levels.

This is what we said on 22 Jun.

Only sub 900, the large negativity begins. Till then we are not ruling out another final impending leg up.

What happened? 980 was tested and Prices pushed up to an intra day high at 997. This is just 3 dollars short of the key psychological levels. Our preferred view is still not looking at a major up move sizably higher that 1000. Alternate view on the other hand could see prices push up till 1100. Weekly RSI support at 40 suggest continued positivity.

Other metals like Platinum are also in ongoing corrective structure pointing to a final leg higher. Despite a hanging man formation, Palladium prices have not reversed yet. Minor trend remains up. Uranium has a non confirming RSI and continues to suggest that a large primary bottoming is in place. Aluminum is making down wedges which suggest a higher resolution higher before anything and Steel seems to be moving in a corrective 4 wave structure.

The metals complex remain at key inflexion points, but the historical event to watch still remains the GOLD 1000 test.

Enjoy the latest WAVES.GOLD

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ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA

WAVES.GOLD is a perspective product published on Tuesday and Thursday. The report highlights GOLD and other precious and base metals. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

REUTERS RICS: XAU=, XAG=, XPT=, CU-NYC, .SPGSIZ, SPGSIA,.NSTL


GOLD INDIA DIVERGENCE

Unlike international gold spot, regional gold prices have a currency element also. The Indian spot Gold is denominated in Indian Rupee. Hence studying Gold India spot gives cues both on INR and international Gold prices. The respective asset is making a clear multi month intermediate B wave leg up and is clearly non confirming its global peer (international spot gold). The prices on the Gold India spot are making a clear corrective which is getting ready to crash down in a C wave.

B waves are always tricky, so pinpointing a reversal may not be easy. However, such a large corrective clearly suggests that our preferred view of just a marginal retest on international gold prices till $ 1000 is the best case scenario for Gold. In case prices break above 980-1000, this latest report on Gold carries an Alternative Triangle formation on the asset.

The reverse Head and Shoulder continues to retest previous multi year levels. More the test, more likely the break. We should not forget our preferred FLAT has to create a BULL trap before anything.
Silver is still below key resistance line. Platinum and Aluminum are making intermediate final legs up. Nikkei Iron and Steel seems to have topped.

Enjoy the latest WAVES.GOLD

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ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA

WAVES.GOLD is a perspective product published on Tuesday and Thursday. The report highlights GOLD and other precious and base metals. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

REUTERS RICS: XAU=, XAG=, XPT=, CU-NYC, .SPGSIZ, SPGSIA,.NSTL