” … could be a double leading for gold here, however we anticipate that after this little correction ends, gold will move dramatically greater again.“
Gold, Dollar, & Stock Market: Big Waves In Play
Email: [email protected]
Wave $ii$ is total at the 1671.70 low and we are now rallying in the preliminary stages of wave $iii$.
Traders might reserve revenues at what could be a double top for gold here, but we anticipate that after this little correction ends, gold will move sharply greater once again.
Our first projection for the end of wave $iii$ is:
$ iii$ = 1.618$ i$ =194130
Our very first projection for completion of wave ^ iii ^ is:
^ iii ^ = 1.618 ^ i ^ = 1967.10
Our initial projection for completion of all of wave iii is:
iii = 1.618 i = 2306.30
Trading Suggestion: Go long gold. Use puts as stops.
Active Positions: We are long, with puts as stops!
We continue to rally in wave (iii), with an initial forecasted endpoint of:
( iii) = 1.618( i) = 4001.14
With wave (iii), all of -i- of (iii) is complete at the 3233.13 high and we are now falling in wave -ii-, which has the following retracement levels:
50% = 2999.89;-LRB-
618% = 2944.84
So either all of wave -ii- is now total at the 2965.
After wave -ii- ends we anticipate the SP500 to start moving greater again in wave -iii- of (iii).
Trading Suggestion: Flat.
Active Positions: Flat!
We continue to fall sharply in wave -iii-, which has the following preliminary forecasted endpoint:
– iii- = 1.618- i-= 91.88
It appears that wave iv could still be underway and becoming more complex then we had actually initially thought.
Trading Recommendation: Flat.
Active Positions: Flat!
GDX & Gold Stocks:
Our preliminary target for our continuous wave 3 rally is:
3 = 1.618(1) = 47.20
Wave 3 is partitioning and we are still rallying in wave ^ iii ^ of 3. Within wave ^ iii ^, we have updated our count to recommend that all of wave -iii- ended at the 37.49 high and likely all of wave -iv- at 31.22
If that is the case we could be beginning to rally greater once again, in wave -v- of ^ iii ^.
Our next projection for the end of wave ^ iii ^ is:
^ iii ^ = 2.618 ^ i ^ = 43.32
Trading Suggestion: Go Long GDX & GDXJ.
Active Positions: We are long the GDX, ABX, KGC, NEM, SSSR, and TSX: XGD … without any stops!
Free Deal For Website Readers: Please send me an Email to [email protected] and I’ll send you our free short-term wave count charts and analysis for GDX and the CDNX junior miners index, with both day-to-day and 60 minute charts!
Captain Ewave & Crew
Email: [email protected]
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