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Gold, Silver & SP500: Key Waves For Investors

captainewave
email: admin@captainewave.com
website: www.captainewave.com

March 6, 2019

GOLD: 



Short Term Update:

It looks like all of wave !iii! is complete at the 1349.80 high and we are falling in wave !iv!.

We need to be on guard for the completion of wave !iv! and the start of a rally in wave !v! of $iii$.

Note our channel lines on that daily chart. We are now at the lower channel line.

Although gold broke below that line, what really matters is how it closes by the end of the week.

If our current analysis is correct we should start to move higher very soon.

Wave !iv! could also become more complex and possibly a bullish triangle. We will provide projections for the end of wave !v!, but only when we are sure that all of wave !iv! is complete.

In the very short term a break above the 1290.00 level would the first sign of the end of wave !iv!.

Our initial projection for the end of all of wave $iii$ is:

$iii$ = 4.25$i$ = 1412.10.



Long Term Update:

Note our channel lines on this weekly chart. Gold is holding nicely at the lower channel line.

Longer term our first projection for the end of wave .iii. is:

.iii. = 1.618.i. = 1447.20.

We do have higher projections. Wave .iii. should subdivide into a 5wave impulsive sequence on its journey to higher prices. 

Trading Recommendation: Go long gold. Use puts as stops.

Active Positions: We are long, with puts as stops!


Silver:



Short Term Update:

It appears that all of wave ^iii^ ended at the 16.20 high and we are now falling in wave ^iv^.

We have reached our 50% retracement level, and if our current analysis is to remain valid we probably want to start moving higher from these levels.

We need to be on guard for the end of wave ^iv^ and that start of wave ^v^ higher, as shown on the daily chart. Wave ^iv^ could still become a bullish triangle formation.

Trading Recommendation: Long silver. Use a put as a stop.

Active Positions: We are long, with puts as stops!


SP500



It looks like wave -ii- became a little more complex and likely ended at this week’s low of 2767.66. If that is the case, we should now be rallying in wave -iii- of (v).



Our ultimate minimum target for end of wave (v), v and V is the high at 2929.86.

Trading Recommendation: Traders can play our projected rally to new highs by going long SPXL-nyse, but our big play is to be short this market.

Active Positions: We are playing the big Wave V count and are very short with updated call options as our stop!

Free Offer For Website Readers: Please send me an Email to admin@captainewave.com and I’ll send you our key “CDNX Venture Index Wave Counts: Long & Strong!” report. We use wave counts for this key index to illustrate why investors should be buying a wide array of junior miners right now!

Thank-you!

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Mar 6, 2019
captainewave & Crew!
email: admin@captainewave.com
website: www.captainewave.com

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