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Gold, Dollar, & Stk Mkt: Tidal Waves In Play

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

Mar 9, 2020


Long Term Update:

This past week we made a new high for the current rally, reaching 1692.80 and closing at 1672.40.                                                                       
We continue to rally in wave *v* of .iii.

Within that wave all of wave $i$ ended at 1691.70 and all of wave $ii$ at 1564.00.

We are now rallying sharply in wave $iii$.

Wave $iii$ should subdivide into a 5wave impulsive sequence… so we are probably getting close to the completion of wave ^i^ of $iii$.

After wave ^i^ ends, we should see a correction in wave ^ii^, before we start to rally again in wave ^iii^.

Our initial projected endpoint for all of wave $iii$ is:

$iii$ = 1.618$i$ = 1961.20.

Our current projection for the end of wave .iii. is:

.iii. = 2.618.i. = 2036.80.                                                

Active Positions: Long with puts as stops!


Long Term Update:

The USDX was sharply lower this past week. we reached a low of 95.69, closing at 95.93.

All of wave -c- of (ii) is complete at the 99.91 high. We are now heading sharply lower… in the initial stages of our expected and very destructive wave (iii) drop.

Active Positions: Short, risking to 100.00!


Long Term Update:

The SP500 was higher this past week reaching a high of 3136.72 in a very volatile trading week, although by the end of week we had given up most of those gains to close at 2972.37!

One option is that wave v could become and ending diagonal triangle that could see all-time highs again… before it ends and a titanic meltdown begins!

Our other scenario is thatall of wave v and V is now complete at the 3393.52 high, although the internal wave structure of the current wave v rally has yet to show us enough wave counts evidence to confirm this (horrifying for investors) scenario.

We will need some time to rework our current wave v count to confirm that it is complete at the 3393.52 high.

Active Positions: Flat!


Long Term Update:

The GDX was sharply higher this past week reaching a high 29.96, closing at 29.41.

We have updated our count for the GDX to suggest that we are still rallying in subdividing wave (iii).

In this count wave -i- of (iii) ended at 30.00 and all of complex wave -ii- at the 25.43 low.

We are now rallying in the initial stages of a sharp wave -iii- rally.

Our initial projection for the end of wave -iii- is:

-iii- = 1.618-i- = 41.38.

Our wave (v) rally that has a current target of 48.95, which is the wave 3 projected target:

3 = 1.618(1) = 48.95!

Active Positions: We are long the GDX, ABX, KGC, NEM, SSSR, and TSX:XGD… with no stops!

Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you some free short-term updates for gold, GDX, and junior miners!



Mar 9, 2020
captainewave & Crew!
email: admin@captainewave.com
website: www.captainewave.com

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