Home   Links   Editorials

Silver: Base Breakout & C Wave Rally

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

Jan 20, 2020


S
ilver:



Update & Tactics:

Silver was higher this past week, reaching 19.87, and closed at 19.76.

We continue to rally in wave (i) of 3, and within wave (i), we are now thrusting higher in wave -v- of (i).

A run to the 21.23 high looks likely now before all of wave (i) ends.

After wave (i) ends we expect a wave (ii) correction that retraces between 50 to 61.8% of the entire wave (i) rally.

Longer term our initial projection for the end of wave 3 is:

3 = 1.618(1) = 86.50   

In the very long term we completed all of wave III at 49.00 in 1980 and all of wave IV at 3.55 in 1993. We are now working on wave V and within wave V we have the following count;

1 = 49.82;

2 = 11.64;

3 = First projection is 86.50.

Active Positions: Long at 14.85, with put as a stop!


Gold:



Update & Tactics:

Gold was mostly sideways this past week, and closed at 1810.00.

We continued to rally higher in wave $iii$ of ^iii^. We are likely getting close to completing all of wave (i) of $iii$, so we need to be on guard for its completion, while hoping it extends higher!

After we complete wave (i) we expect a wave (ii) correction that retraces between 50 to 61.8% of the entire wave (i) rally.

A break and close above the downtrend line connecting 1829.70, 1818.60 and Friday’s high of 1813.70 should see gold head back to the 1830.00 high at least one more time.

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

$iii$ = 1.618$i$ = 1941.30.

Wave ^iii^ that has the following initial projection for its completion:

^iii^ = 1.618^i^ = 1967.10.

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

.iii. = 1.618.i. = 2306.30.                                              

Active Positions: Long with puts as stops!


S&P500:



Update & Tactics:

The SP500 was higher this past week, reaching a high of 3238.28 and closing at 3224.73.  

We are working on the assumption that wave -ii- is still underway.

Our current count suggests that all of wave .a. of -ii- ended at the 2965.55 low and we are now rallying in wave .b..

Wave .b. should reach the wave -i- high, before it ends.

After wave .b. ends we expect another drop in wave .c. to complete all of wave -ii-.

The minimum target for wave .c. is the wave .a. low of 2965.55.

In the longer term our initial projected end point for all of wave (iii) is:

(iii) = 1.618(i) = 4001.14…. and from there a top and epic meltdown!

Active Positions: Flat!


GDX:



Update & Tactics:

The GDX moved mostly sideways this past week, although we closed higher at 39.31.

Our initial target for our ongoing wave 3 rally is:

3 = 1.618 (1) = 47.20

Wave 3 is subdividing and we are still rallying in wave ^iii^ of 3.

Within wave ^iii^, we are now rallying in wave $iii$ of -v-.

We are getting close to our projected endpoint for all of wave $iii$ at the 40.98 level., but the internal wave structure of wave $iii$ is suggesting that wave $iii$ may extend.

Next significant resistance at the 51.67 level.  

Our next projection for the end of wave ^iii^ is:

^iii^ = 2.618^i^ = 43.32.

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 our free “Key Gold Stocks” report, along with timely buy alerts for hot junior miners!

Thank-you!

###

Jul 20, 2020
captainewave & Crew!
email: admin@captainewave.com
website: www.captainewave.com

Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You also agree to bear complete responsibility for your investment research and decisions and acknowledge that captainewave.com has not and will not make any specific recommendations or give advice to you or any of its clients upon which they should rely. captainewave.com suggests that the client/member test all information and trading methodologies provided at our site through paper trading or some other form of testing. captainewave.com, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. securities and exchange commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility.

All information posted is believed to come from reliable sources. captainewave.com does not warrant the accuracy, correctness, or completeness of information available from its service and, therefore, will not be liable for any loss incurred. Due to the electronic nature of the internet, the captainewave.com website, its e-mail & distribution services and any other such "alerts" could fail at any given time. captainewave.com will not be responsible for unavailability of use of its website, nor undelivered e-mails, or "alerts" due to internet bandwidth problems, equipment failure, or acts of god. captainewave.com does not warrant that the transmission of e-mails, or any "alert" will be uninterrupted or error-free. captainewave.com will not be liable for the acts or omissions of any third party with regards to captainewave.com delay or non-delivery of the captainewave.com nightly emails or "alerts". Further, we do not receive any form of payment or other compensation for publishing information, news, research or any other material concerning any securities on our site or publish any information on our site that is intended to affect or influence the value of securities.

There is no guarantee past performance will be indicative of future results. No assurance can be given that the recommendations of captainewave.com will be profitable or will not be subject to losses. All clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. 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