By
Stewart Thomson
of
Captain Ewave
Wednesday, February 19, 2020 4:37 PM EST
Gold:
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Need we say more?
The wave counts are awesome, and for investors, the sun is shining!
Silver:
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Within wave .iii. we are now rallying in wave ^iii^, which has an initial target of:
^iii^ = 1.618^i^ = $25.44
Within wave ^iii^ we assume that all of wave $ii$ is complete at the 17.28 low.
If that is the case we should now be working on wave $iii$ which has the following initial projection, for its completion:
$iii$ = 1.618$i$ = 21.03.
Longer-term our first projection for the end of wave iii is:
iii = 1.618i = 26.09.
(Click on image to enlarge)
GDX, Barrick & Newmont:
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Our wave (v) rally that has a current target of 48.95, which is the wave 3 projected target as follows:
3 = 1.618(1) = 48.95
Our alternate bullish count is suggesting that only wave -iv- of (iii) likely ended at the 25.98 low and that we are starting to rally in wave -v of (iii)
which has a target of 36.42.
(Click on image to enlarge)
This important gold stock has stunning weekly chart action!
Disclosure: Active Trading Positions: We are long the GDX, ABX, KGC, NEM, SSSR, and TSX:XGD… with no stops!
Free Trades Offer For Web Readers: Send me an email ...
more
Disclosure: Active Trading Positions: We are long the GDX, ABX, KGC, NEM, SSSR, and TSX:XGD… with no stops!
Free Trades Offer For Web Readers: Send me an email to admin@captainewave.com and I’ll send you my next couple short term ewave trades for free!
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