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

Cory
August 16, 2017

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.

Click download link to listen on this device: Download Show

Discussion
61 Comments
    CFS
    Aug 16, 2017 16:37 PM

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

      Aug 17, 2017 17:41 AM

      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.

        Aug 18, 2017 18:26 AM

        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!

    Aug 16, 2017 16:03 PM

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

    Aug 16, 2017 16:17 PM

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

      Aug 16, 2017 16:20 PM

      oops………..got caught……….

      Aug 16, 2017 16:59 PM

      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.

        Aug 16, 2017 16:10 PM

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

          Aug 16, 2017 16:17 PM

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

    Aug 16, 2017 16:22 PM

    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

      Aug 16, 2017 16:01 PM

      fork your forking fork resistance!

        Aug 16, 2017 16:05 PM

        Well fork you too!

          Aug 16, 2017 16:09 PM

          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.

            Aug 16, 2017 16:13 PM

            Fork off buddy & GTFO.

            Aug 16, 2017 16:42 PM

            Forking amazing action in (IPT) today!

    Aug 16, 2017 16:23 PM
      Aug 16, 2017 16:04 PM

      Another giant outside day reversal.

        Aug 16, 2017 16:06 PM

        Yup.

    Aug 16, 2017 16:25 PM

    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

      Aug 16, 2017 16:03 PM

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

        Aug 16, 2017 16:06 PM

        It has to be!

      Aug 16, 2017 16:09 PM

      No forking fork resistance here, huh?

        Aug 16, 2017 16:16 PM

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

          Aug 16, 2017 16:44 PM

          That’s Forking great action! Boing!

      Aug 16, 2017 16:17 PM

      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.

    Aug 16, 2017 16:44 PM

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

    Aug 16, 2017 16:21 PM

    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

      Aug 16, 2017 16:00 PM

      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.

    Aug 16, 2017 16:55 PM

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    Aug 16, 2017 16:58 PM

    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-

    Aug 16, 2017 16:40 PM

    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!

    Aug 16, 2017 16:55 PM

    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.

      Aug 17, 2017 17:30 AM

      Caliturds…….better get some gold

        Aug 17, 2017 17:33 AM

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

    Aug 16, 2017 16:20 PM

    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.

      CFS
      Aug 16, 2017 16:08 PM

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

        CFS
        Aug 16, 2017 16:18 PM

        Lampix was not what I expected.

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

        CFS
        Aug 16, 2017 16:20 PM

        stupid popup ad confused me!

    Aug 16, 2017 16:29 PM

    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/

    Aug 16, 2017 16:47 PM

    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

    Aug 17, 2017 17:04 AM

    Great guest. I would like to hear more from Sid

    Aug 17, 2017 17:53 AM

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

    Aug 17, 2017 17:34 AM

    Thanks…..SID……….