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Soaring Gold, CDNX, & Now Oil Too?captainewave May 11, 2025 Gold: Please click this link to view the Captain’s weekly gold chart. Double-click to enlarge it. Analysis: Within wave *iii* of ^iii^, we completed wave -i- at 2151.20 and wave -ii- at 1973.10. We are still rallying in a subdividing wave -iii- with wave $i$ ending at 2088.50, wave $ii$ at 1984.30, wave $iii$ at the 2431.50 high, and our wave $iv$ bullish triangle at the 2277.60 low. For the time being we are assuming that all of wave $v$ of *iii* ended at the 3167.70 high and that all of wave *iv* ended at the 2956.90 low. If that is the case, then we are moving higher in wave *v* of -iii-, which we are assuming is complete at the 3500.30 high. If that is the case, then we are moving lower in wave -iv-, which has the following retracement levels: 23.6% = 3130.10. We are still short of our 23.6% retracement level, so we expect further weakness before all of wave -iv- ends. Within wave -iv-, we look to have completed wave *a* at 3260.50, a wave *b* bearish triangle at 3328.40 and we are falling in wave *c*, which could be complete at the 3201.10 low. On our Intraday Chart the drop from 3435.00 to the current low of 3274.70 looks corrective, which is suggesting that after this correction ends, gold is going back to at least the 3435.00 high! The other possibility is that wave -iii- is still underway and that wave @v@ of *iii* is extending and not complete at the of 3167.70 high. Only a break under the 3167.70 high would eliminate this option. Trading Recommendation: Go long gold. Use puts as stops. Please click this link to view the Captain’s daily CDNX chart. Double-click to enlarge it. Analysis: Wave -ii- is complete at the 506.65 low, and we are slowly starting to move higher in wave -iii-, and we are now suggesting that within wave -iii-, wave .i. ended 623.85 and wave .ii. at 575.92… And if that is the case then we are now moving sharply higher in wave .iii.. More details in our Monday Morning Post. Our initial projection for the end of wave -iii- is: -iii- =-1.618-i- = 1773.52! Our minimum multi-year long term target for the end of wave C is 3341.56. Trading Recommendation: Go Long the GDXJ as a long-term hold. Special Subscription Offer: At $99/mth the Captain Ewave newsletter value is superb, and we have a special offer this week of just $199 for a three-month subscription! Investors get six updates a week from the Captain. Send us an email at admin@captainewave.com or click this link and we’ll get you on board. Thank-you! Please click this link to view the Captain’s weekly oil chart. Double-click to enlarge it. Analysis: Wave ii is a double 3 wave pattern as shown on our Weekly Crude Chart. Our first 3 wave (a)(b)(c) pattern ran from the wave i high 130.50 to 63.64, with wave (x) ending at 95.03 and our second (a)(b)(c) patterns looks like wave (a) ended at 67.72, our wave (b) bearish triangle at 72.28… And our wave (c) thrust ended at perhaps the 55.12 low! If that is the case, then we are now starting to move higher in the initial stages of wave iii. Our retracement levels for all of wave ii are: 50% = 68.50. In the long term we are now rallying in wave C that has the following projections: C = A = 153.77; Trading Recommendation: Go long crude with a put as a stop. Go long Suncor and/or other key oil stocks. Free Offer For Website Readers: Please send me an Email to admin@captainewave.com and I’ll send you our free “USD & Silver: Key Wave Counts In Play” report. We highlight updated wave counts and charts for both the dollar and silver, with solid tactics for investors! 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Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices. 321gold Ltd |
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