• 556 days Will The ECB Continue To Hike Rates?
  • 556 days Forbes: Aramco Remains Largest Company In The Middle East
  • 558 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 958 days Could Crypto Overtake Traditional Investment?
  • 963 days Americans Still Quitting Jobs At Record Pace
  • 965 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 968 days Is The Dollar Too Strong?
  • 968 days Big Tech Disappoints Investors on Earnings Calls
  • 969 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 971 days China Is Quietly Trying To Distance Itself From Russia
  • 971 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 975 days Crypto Investors Won Big In 2021
  • 975 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 976 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 978 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 979 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 982 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 983 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 983 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 985 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Where To Now Gold and GDX

I believe a major low has been established for gold and gold stocks.

Wave 1 (which level I don't know) began 6/27 and ended 7/23. I believe we are in a wave 2 now, with an ABC corrective pattern. I believe wave B ended yesterday (Friday 7/9). Then C down starting Monday. Wave C will last until Friday. Wave 3 will begin next Friday afternoon (9/16) or the following Monday morning. That will be a powerful wave up. That will last until 9/17. Then wave 4 starts, correcting wave 3. That will last until 10/17. Then wave 5 begins and will last 3-4 weeks. All of these will comprise wave 1, of a higher level. Wave 2 (higher level) will last until about 6/18/3014. Then a higher level wave 3. This will last about 1 year.

All of these predictions are based on correlating planetary strength with elliott wave.

Please check out my recent posts to evaluate their accuracy.
http://www.safehaven.com/article/30329/yes-this-is-a-major-gold-bottom
http://www.safehaven.com/article/30580/where-to-now-gold

 

Back to homepage

Leave a comment

Leave a comment