Tag: aibek burabayev

Pendulum Experiment No.2 Snapshot: The Majority Is Wrong So Far!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


At the start of July, I reviewed the result of the first Pendulum experiment where the loser metal Palladium could beat the supercharged Japanese Nikkei stock index. The same day at the end of the post I proposed to push the Pendulum again. This time we entered into competition the faded Nikkei index versus the matchless metal silver. Below is the graph of the bets you placed.

Chart 1. Nikkei Vs. Silver: Voting Results:

INO.com Poll

This vote clearly shows the biases of the readers as in the second experiment like in a first one the odds were in favor of the metal, at the first time it was palladium and this time it was silver. Only one person added to my voice in favor of the Nikkei as I am acting as an experimenter and chose the success of the Pendulum effect betting on the stock index to break the shutout.

Well, you will be surprised looking at the chart below as the majority’s bet is wrong so far. Continue reading "Pendulum Experiment No.2 Snapshot: The Majority Is Wrong So Far!" →

Gold Bulls Have Last Fifty Bucks To Survive

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


The current situation in the precious metals markets very well illustrates how patience in trading can save money for the trader. It means that a trader who waits for the confirmation of the price action has an ample advantage compared to those who choose assumption mode entering the market without confirmation. In other words, the ‘trade what you see’ method is way safer than the ‘trade what you assume’ method. For many years in trading, again and again, I see how true the words said above, especially during market consolidations.

The corrective chart structures are unpredictable though very dangerous, especially for newcomers. As I wrote earlier such structure shows the market’s indecision with a lot of hesitant zigzags which have no clear ending point both in time and in the price level and therefore are risky. Continue reading "Gold Bulls Have Last Fifty Bucks To Survive" →

Mining Leaders Have More Room To The Downside

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Back in August of this year, I shared with you the comparison charts of gold and silver stocks. The precious metals hit the new highs before that, and so did the mining stocks. After that, the prolonged correction of underlying assets (gold and silver) put pressure on the mining stocks. Below is the chart showing you the 6 stocks’ behavior.

Chart 1: Top Mining Stocks: The Leaders Lost The Most

Chart 1: Top Mining Stocks
Chart courtesy of tradingview.com

The 3 top gold stocks by past performance: Continue reading "Mining Leaders Have More Room To The Downside" →

Which Asset Is A Top Gainer? Silver? Bitcoin? Try again!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


At the start of this year, I wrote about Bitcoin and its unrivaled blast-off dynamics compared to conventional assets for the Y2015. Of course, the main reason for this was the effect of the 'start-up.' In other words, if we get something useful and demanded out of 'nothing' or better say virtually it surely will show you the rocket dynamics on the chart.

Digitalization is in a full-scale offensive with the smart things coming more and more in our life. The word 'SMART' at the beginning of something new and technologically advanced from SMARTphones to SMART contracts is now a common thing.

Technology moves at a terrific speed these days and what was at the avant-garde of it a few years ago was Bitcoin; now it could be deemed as traditional or outdated. Today I would like to show you a brand new star of the market, which is called 'Ether.' Continue reading "Which Asset Is A Top Gainer? Silver? Bitcoin? Try again!" →

Stillwater Is Under Pressure As Platinum Can Lose One Digit

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Chart 1. Platinum Monthly: Roller-Coaster

Platinum Monthly Chart
Chart courtesy of tradingview.com

Platinum booked an almost 50% gain from the bottom at $811 level in January 2016 to the top at $1194 level last month as falling crude oil spurred the demand for cars especially with large engines which in its turn lifted the demand for catalysts. As you can see, there is always a winner if there is a loser.

Those magical days for the metal are gone the same peak month in August, and the price painfully lost $150 from the top as the price was rejected by the upper side of the red multi-year downtrend. This month we can see that the market was trying to climb back to the upside as the candle has a long upper wick but failed to grasp the gains and slid down to the black vertical support. The price has started to drill it already, and it’s highly probable that we can witness the break this month. The break and close below $1020 would confirm the break. The next stop could be only at the June’s low at the $952 mark where the metal would lose one digit and will only have a 3-digit price. Continue reading "Stillwater Is Under Pressure As Platinum Can Lose One Digit" →