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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

 

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