Exclusive KE Report Commentary – Wed 16 Aug, 2017

A New Guest Sid Norris of Elliot Wave Plus – Insights for US Markets and Gold

I am happy to introduce a new guest to the show Sid Norris. Sid is the founder of ElliotWavePlus.com where he blends Elliot Wave technicals with Hurst Wave and some other factors. Today Sid shares his background of how he got into technical analysis as well as some comments on the US markets and gold. Pay close attention to his longer term calls for gold which he thinks could really get going to the upside next year.

Please let me know what you think of Sid’s commentary and be sure to check out his website by clicking here.

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Comments:
  1. On August 16, 2017 at 1:37 pm,
    CFS says:

    Hasn’t Elliotwave been predicting 3-digit gold and all that BravoSierra?

    • On August 17, 2017 at 10:41 am,
      Jay Linn says:

      I have been a long time subscriber to Sid Norris – since 2010. And my conclusion is that Sid is the best practitioner of classical Elliott wave theory. And with addition of Hurst cycle and sentiment analysis, his analysis service is very helpful to my trading. It is bit more costly that other services but to me it is very worthwhile. Right now, he is predicting a big move up in gold miners during 2018. I also listen to Doc and it is good to know that their outlook is similar.

      • On August 18, 2017 at 9:26 am,
        Excelsior says:

        I have followed some of Sid’s TA using Elliot wave for the last few years, and have watched some of his older videos on YouTube just to better understand his analysis and trading style.

        He is a great guest to have brought on the KER.

        Cheers!

  2. On August 16, 2017 at 2:03 pm,
    Silverdollar says:

    Thanks Cory for bringing Sid Norris to our attention. Really enjoyed his comments and love what he is projecting……..

  3. On August 16, 2017 at 2:17 pm,
    Bob UK says:

    Very interesting. Not heard of Sid before but I found his thoughts and projections to be fascinating to listen to.

    • On August 16, 2017 at 2:20 pm,
      OOTB Jerry says:

      oops………..got caught……….

    • On August 16, 2017 at 4:59 pm,
      JMiller says:

      Charlottesville is a city in Virginia. That ad was for Charlotte, NC area. Not even close. The ALT media is always trying to make something out of nothing.

      • On August 16, 2017 at 5:10 pm,
        OOTB Jerry says:

        Notice that the events coordinator was from LA…..ever checked out the school system in LA…… 🙂

        • On August 16, 2017 at 5:17 pm,
          OOTB Jerry says:

          I guarantee you, those getting on the bus, do not care where they are headed…ALT…..they think they are going to Atlanta…
          🙂

  4. On August 16, 2017 at 2:22 pm,
    Matthew says:

    The miners (XAU) were stopped at important fork resistance today:

    http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=0&mn=9&dy=0&id=p47534454854&a=538778787

    • On August 16, 2017 at 3:01 pm,
      spanky says:

      fork your forking fork resistance!

      • On August 16, 2017 at 3:05 pm,
        Matthew says:

        Well fork you too!

        • On August 16, 2017 at 3:09 pm,
          spanky says:

          Shut the hell up you motherforker. I am so sick of your forks. Go fork yourself and see if you can get penetration this time.

          • On August 16, 2017 at 3:13 pm,
            Matthew says:

            Fork off buddy & GTFO.

          • On August 16, 2017 at 11:42 pm,
            Excelsior says:

            Forking amazing action in (IPT) today!

  5. On August 16, 2017 at 2:23 pm,
    Matthew says:
    • On August 16, 2017 at 3:04 pm,
      spanky says:

      Another giant outside day reversal.

      • On August 16, 2017 at 3:06 pm,
        Matthew says:

        Yup.

  6. On August 16, 2017 at 2:25 pm,
    Matthew says:

    SILJ was stopped by the 600 day EMA today — by one cent:

    http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=2&dy=0&id=p26779749130&a=526435188

    • On August 16, 2017 at 3:03 pm,
      spanky says:

      Look at that outside reversal though. It has to be meaningful.

      • On August 16, 2017 at 3:06 pm,
        Matthew says:

        It has to be!

  7. On August 16, 2017 at 2:32 pm,
    Matthew says:
  8. On August 16, 2017 at 2:34 pm,
    Matthew says:
  9. On August 16, 2017 at 3:07 pm,
    Matthew says:
    • On August 16, 2017 at 3:09 pm,
      Silverdollar says:

      No forking fork resistance here, huh?

      • On August 16, 2017 at 3:16 pm,
        Matthew says:

        That fork only spans two months so it make sense that it fell early. The rest will fall too.

        • On August 16, 2017 at 11:44 pm,
          Excelsior says:

          That’s Forking great action! Boing!

    • On August 16, 2017 at 3:17 pm,
      spanky says:

      I would actually prefer if IPT.V closes just below .33 for the week so that the black candle from March 2016 is actually cleansed. I know it’s paranoid and crazy, but I guess I am OCD about it.

  10. On August 16, 2017 at 3:44 pm,
    OOTB Jerry says:

    The only thing I can say about IPT……something is going on and it looks positive, but, then again what do I know……

    • On August 16, 2017 at 11:45 pm,
      Excelsior says:

      +1

  11. On August 16, 2017 at 4:21 pm,
    Markedtofuture says:

    Why Was This ‘Crowd Hire’ Company Recruiting $25 An Hour ‘Political Activists’ In Charlotte Last Week?

    Trump ignited a political firestorm yesterday during an impromptu press conference in which he said there was “blame on both sides” for the tragic events that occurred in Charlottesville over the weekend.

    Now, the discovery of a craigslist ad posted last Monday, almost a full week before the Charlottesville protests, is raising new questions over whether paid protesters were sourced by a Los Angeles based “public relations firm specializing in innovative events” to serve as agitators in counterprotests.

    The ad was posted by a company called “Crowds on Demand” and offered $25 per hour to “actors and photographers” to participate in events in the “Charlotte, NC area.” While the ad didn’t explicitly define a role to be filled by its crowd of “actors and photographers” it did ask applicants to comment on whether they were “ok with participating in peaceful protests.” Here is the text from the ad:

    http://www.zerohedge.com/news/2017-08-16/why-was-crowd-hire-company-recruiting-25-hour-political-activists-charlotte-last-wee

    • On August 16, 2017 at 5:00 pm,
      JMiller says:

      Typical ZeroHedge nonsense. Charlottesville is a city in Virginia. That ad was for Charlotte, NC area. Not even close. The ALT media is always trying to make something out of nothing.

  12. On August 16, 2017 at 4:55 pm,
    Markedtofuture says:

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    Are you looking to create a buzz anywhere in the United States? At Crowds on Demand, we provide our clients with protests, rallies, flash-mobs, paparazzi events and other inventive PR stunts. These services are available across the country in every major U.S city, every major U.S metro area and even most smaller cities as well. We provide everything including the people, the materials and even the ideas. You can come to us with a specific plan of action and we can make it happen. OR, you can approach us with a general idea and we can help you plan the strategy then execute it.

    We’ve made campaigns involving hundreds of people come to action in just days. We have a proven record of delivering major wins on even the toughest campaigns and delivering phenomenal experiences with even the most logistically challenging events.

    Our services are now available throughout the United States, so whether you’re looking at doing a single event or a multi-city campaign, we have the resources available to achieve your goals.

    Sound interesting?

    Reach out to us by filling out the form below with as much detail as possible. From there, we’ll get back to you quickly with some ideas and pricing. Thanks again! We look forward to working with you.

    https://crowdsondemand.com/

  13. On August 16, 2017 at 4:58 pm,
    Markedtofuture says:

    FBI Investigator Who Led Hillary Email Case Suddenly Resigns From Mueller’s Team

    After being appointed to Special Counsel Mueller’s team just over a month ago, ABC is now reporting that Peter Strzok, the FBI agent who oversaw the botched investigation of Hillary Clinton’s email case, has now decided to step down. ABC reports that their anonymous sources have yet to discover the reasons for Strzok’s sudden departure.

    http://www.zerohedge.com/news/2017-08-16/high-ranking-fbi-official-who-led-hillary-email-case-suddenly-quits-special-counsel-

  14. On August 16, 2017 at 5:40 pm,
    Ozibatla says:

    The CEO of the Perth mint in Australia was just on TV. He was so misinformed for a person who is such “in the know”. He stated that golds current price is around 1240-1250 dollars…. Yep, wrong! He then went onto mention that gold is holding up well even though its well of its all-time high seen pre-GFC… again, wrong! Also advocating that gold is the ultimate preservation of wealth bar none with a recommended high percentage diversification is also debatable. Dear ohh dear!

  15. On August 16, 2017 at 5:55 pm,
    Ebolan says:

    Dang, Sid’s bear market of 5 or 6 years with a 50 – 61.8% retracement is going to leave a mark. It’s going to blow up the pensions. Calturds is relying on a 7% average return over the next 5 years to stay afloat.

    • On August 17, 2017 at 7:30 am,
      OOTB Jerry says:

      Caliturds…….better get some gold

      • On August 17, 2017 at 8:33 am,
        Ebolan says:

        They’ve been busy divesting from coal, tobacco and anything else not politically correct.

  16. On August 16, 2017 at 6:20 pm,
    GuruJ says:

    Well done getting Sid Norris on the show. He’s a very trustworthy source for Elliott Wave analysis and Hurst. Hope to hear a lot more from him in the future.

  17. On August 16, 2017 at 6:44 pm,
    Matthew says:
  18. On August 16, 2017 at 6:52 pm,
    JohnK says:
    • On August 16, 2017 at 7:08 pm,
      CFS says:

      Does this not require the equivalent of a satellite phone for the up-link?

      • On August 16, 2017 at 7:18 pm,
        CFS says:

        Lampix was not what I expected.

        I have no idea why a block chain is needed though
        https://youtu.be/4r8lxnx2wXM

      • On August 16, 2017 at 7:20 pm,
        CFS says:

        stupid popup ad confused me!

  19. On August 16, 2017 at 7:29 pm,
    JohnK says:

    Lampix. More new technology for you.
    Another one is Apple’s new I-Phone and it’s wireless charger.I have been following a company called U-Beam who has been on the path of wireless power.
    https://ubeam.com/

  20. On August 16, 2017 at 11:47 pm,
    Excelsior says:

    About 60% of Zinc, Lead mines in China’s Sichuan shut on inspections: Antaike
    (Platts)–16 Aug 2017

    “Sichuan is one of China’s key zinc and lead mining base, and is among the top five Chinese provinces with vast zinc reserves, with each of them having provincial zinc reserves of over 2 million mt, according to data from the National Statistics Bureau.”

    “But the province’s mined zinc production in the past years had been affected by environmental protection control measures. Zinc output from Sichuan in 2016 reached 240,000 mt, down from 326,000 mt in 2014, but higher by 27% from 2015, data from Antaike showed.”

    https://www.platts.com/latest-news/metals/hongkong/about-60-of-zinc-lead-mines-in-chinas-sichuan-26788467?utm_campaign=plattsbulletinemailtemplate_dyncontent%20-%20new%20eg&utm_medium=email&utm_source=eloqua

  21. On August 17, 2017 at 3:35 am,
    CFS says:
  22. On August 17, 2017 at 5:04 am,
    George says:

    Great guest. I would like to hear more from Sid

  23. On August 17, 2017 at 6:53 am,
    JohnK says:

    Did Palladium just shut the door on the 900 level?
    http://finviz.com/futures_charts.ashx?t=PA&p=m5

  24. On August 17, 2017 at 7:34 am,
    OOTB Jerry says:

    Thanks…..SID……….

  25. On August 17, 2017 at 8:08 am,
    CFS says: