aibek burabayev Archives - Page 38 of 59

Copper Could Face Strong Headwinds From China and Australia

Posted on May 1, 2017May 1, 2017 by Aibek Burabayev

Copper topped the ranks at the end of last year and moved north to the middle of February without breaking any serious resistance peaking at $2.8230. Then the price drifted lower, closer to the area of the December 2016 low at $2.4480 as projected in my previous update. Copper has now bounced higher and I would like to share with you some new data, which could change my outlook for the metal.

I would like to start from Chinese data as they are the top importer of the metal in the world. China’s copper import dropped almost 20% in 1Q of 2017 according to the Chinese customs statistics and this is not supporting the pricing information. Below are two charts to show you more headwinds from China.

Chart 1. Copper Vs Chinese GDP Growth Rate (Quarterly)

Chart courtesy of tradingeconomics.com

The Chinese economy (left scale, blue) advanced only 1.3 percent in the 1Q of 2017, following a 1.7 percent growth in the previous three months and missing market estimates of a 1.6 percent growth. It has been the weakest expansion since the 1st quarter of 2016. GDP Growth Rate in China averaged 1.84 percent from 2010 until 2017. Continue reading "Copper Could Face Strong Headwinds From China and Australia" →

Silver Update: The Time Is Up

Posted on April 24, 2017 by Aibek Burabayev

This post is dedicated to silver as the projected period of consolidation set in my previous Gold & Silver post finished last week on Tuesday, the 18th of April. Let’s see the result of that “Cloning” experiment below.

Chart 1. Snapshot Of Experiment Result: Good Range Wrong Timing

Chart courtesy of tradingview.com

The chart above is a snapshot of the projected graph within the “Cloning” experiment posted earlier. As we see the price didn’t follow the red down arrow and reversed higher up to the top of the rectangle where it was blocked successfully. And the anticipated down move started right at the end of projected period missing the time target. Continue reading "Silver Update: The Time Is Up" →

Silver Stocks: Favorite Failed To Deliver... Or Not?

Posted on April 18, 2017April 18, 2017 by Aibek Burabayev

Dear readers, thank you for sharing a moment to leave your stocks preferences below my previous post! Some of you even trusted me to analyze some high-tech stocks, I am honored, and maybe one day I will find time to do it. Silver stocks and gold stocks are in your focus as I understood. This post is dedicated to the silver stocks.

This February I analyzed the top silver stocks (by market cap) and brought you some interesting and potentially profitable disparity that I found on the chart. After the comparison chart I asked you to pick your favorite stock among the top five and below is the graph of the voting results.

Graph 1. February 2017 Stock Pick Voting Results

INO.com Poll

The majority of you chose Silver Wheaton Corp. (NYSE:SLW) as your favorite. First Majestic Silver Corporation (NYSE:AG) ranked second and Coeur Mining Inc. (NYSE:CDE) was the third. Let’s see how those stocks behaved after the vote in the chart below that covers the period from the vote till now. Continue reading "Silver Stocks: Favorite Failed To Deliver... Or Not?" →

Gold & Silver: History May Repeat

Posted on April 10, 2017April 10, 2017 by Aibek Burabayev

People record history from ancient times only to find that nothing is new in this world and everything repeats in cycles, waves, high and low tides, and therefore it is quite useful to have those historical records to project the future as it is another human propensity.

It is always a big challenge to be the first in doing something as you face uncertainty, and those who go next can learn from the achievements and mistakes of the pioneers. A few days ago, my eyes caught an interesting similarity in the chart history of gold’s price, which could give us a clue of an upcoming price development and I am happy to share it with you below.

As you may already notice from time to time I post different experimental charts, which use a variety of uncommon approaches in analyzing the markets to expand the scope of our vision. In this post I used the clones of the historic moves, which could shed light upon future moves.

I squeezed the charts to let both legs of the current upside move to fit in the snapshots, that’s why I would recommend you to open both graphs in a separate window for a comfortable view. Continue reading "Gold & Silver: History May Repeat" →

Gold & Silver: Gold Is Looking For Support As Silver Is Testing Resistance

Posted on April 3, 2017April 2, 2017 by Aibek Burabayev

We've entered the period where patience is paid generously as it is too early to buy the gold now and too late to buy the flying silver. I don't recommend a countertrend sell as corrections are very tricky and require an extensive experience. It is good just to sit back and watch the price action.

Chart 1. Gold Vs Silver 4H: Huge Divergence