Technical analysis, trading strategies, and market commentary by David Bird
Gold declines while miners outperform, David Bird notes
David Bird observes that while gold prices have fallen, mining stocks are signaling a different trend. He points out that both gold and silver may still be early in a broader precious metals bull ...
David Bird: Australian property prices can fall below construction costs
David Bird questions whether property prices in Australia can decline to levels below the cost of construction, challenging the commonly held belief that ever-increasing construction expenses ...
Capital rotates as commodity cycles develop, David Bird notes
David Bird outlines the typical progression of capital rotation during commodity bull markets. Gold often leads the way by attracting initial investment before larger gold miners eventually ...
David Bird: Gold entered Wave 4 triangle in April 2025 as metals rotated
David Bird observed that in April 2025, gold began moving into a Wave 4 triangle pattern, leading to about six months of consolidation for the metal. During this period, Bird noted that capital ...
Fundamentals often trail price action during market turning points, David Bird notes
David Bird argues that fundamental analysis tends to lag behind actual market movements, especially when identifying major tops in asset classes. He observes that investors who focus strictly on ...
David Bird: Australian property sector sees lasting shift since GFC
David Bird highlights a significant long-term transformation in the structure of Australia's listed property sector. While acknowledging sharp corrections such as those during the global ...
CBA acts as leading indicator for Australian housing, David Bird notes
David Bird draws attention to a notable chart regarding the current downturn in the Australian housing market. He highlights that CBA, as Australia’s largest home lender, serves as a leading ...
David Bird: RBA rate hike odds reach nearly 100 percent today
David Bird highlights that markets are currently assigning about a 90 percent probability to an interest rate hike by the Reserve Bank of Australia today. He states his own estimate is even ...
Australian Energy Index contrasts with Nasdaq movement in 2000s, David Bird notes
David Bird compares the performance of the Australian Energy Index and the Nasdaq, pointing out that the two moved in nearly opposite directions during the 2000s. He highlights charts for both ...
David Bird: Australian Energy Index offers insights into market cycles
David Bird highlights opportunities he sees in the coming decade, suggesting that investors should focus on lesser-known corners of the market. He references the Australian Energy Index, known as ...
Oil reaches rare low compared to U.S. equities, David Bird points out
David Bird draws attention to a chart showing oil prices against the Dow Jones Industrial Average over the last 100 years. He observes that there have only been three previous instances where ...
David Bird: Investors accustomed to 40 years of falling trends in global economy
David Bird warns that many investors likely do not hold enough hard assets. He explains that over approximately 40 years, participants in the global economy have become used to an environment ...
Property prices seen as bargains amid dip, David Bird notes
David Bird observes a strong 'buy the dip' sentiment in several property groups he has joined over the last six months. According to Bird, many participants consider falling property prices to ...
David Bird: Bond yields and oil prices pressure U.S. equities
David Bird highlights that September seasonality and weakening market breadth are raising warning signs for investors. He points to rising bond yields and higher oil prices as additional ...
Tracking market sentiment is crucial at cycle tops, David Bird notes
David Bird highlights the importance of sentiment in trading and investing, emphasizing that it is often underrated. He observes that across various markets—such as lithium, crypto, silver, ...
David Bird: Bitcoin buying hesitation in October 2026 may repeat past mistake
David Bird draws a parallel between investors missing Bitcoin at $15,000 while waiting for $12,000, and those now waiting for a potential low in October 2026. He questions whether hesitation may ...
Oil breaks previous decline and returns bullish, David Bird points out
David Bird highlights that oil has shifted back to a bullish market structure after breaking through its recent decline. He notes that this development comes after an earlier call he made when ...
David Bird: Iron ore rebounds after sharp decline
David Bird recently told MtM students that iron ore was one of the key areas he was monitoring. After a significant drop, iron ore reached major support levels and began to recover, showing signs ...
Gold price action led news out of Jackson Hole, David Bird points out
David Bird highlights how technical analysis can often precede headline news, using gold’s performance around the Jackson Hole event as an example. According to Bird, while news reports ...
David Bird: Bapcor trading sideways amid strong bullish accumulation signals
David Bird observed Bapcor trading with little headline movement last week, despite apparent inactivity on the surface. He pointed out that underlying data revealed extremely strong volume and ...
Selecting sector leaders is crucial for returns, David Bird notes
David Bird addresses a recurring theme from his recent discussions about market timing, emphasizing the importance of not only buying assets at a market bottom but also selecting those ...
