Gold, Silver, & GDX: The Sun Is Shining
Feb 19, 2020
The wave counts are awesome, and for investors, the sun is shining!
^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:
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.
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