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Gold, Silver & GDX: It's Time To Buycaptainewave Nov 1, 2026 Gold Please click this link to view the Captain’s long-term gold chart. Double-click to enlarge it. Analysis: The Captain is a significant buyer at these levels. Wave (iv) is still underway, as shown on the chart. We should still be falling in wave *v* of our wave -c- diagonal triangle formation, which should be getting close to completion. Wave (iv) has the following retracement levels: 23.6% = 4539.80. We have reached our 38.2% retracement level, so we need to be guard for the completion of wave (iv) and the start of another rally in wave (v). Our alternate count is that wave (iv) could still become more complex, and in this case, we are only working on wave -a- of (iv). After wave -a- ends we expect a wave -b- rally. Wave (iv) could still become a flat or irregular type correction and after wave -b- ends we expect a wave -c- drop back to at least the wave -a- low, before all of wave (iv) ends. If wave (iv) becomes a large bullish triangle then it will consist of 5 legs, and we will NOT return to the wave -a- low, before all of wave (iv) ends. Wave -b- must consist of at least one three wave pattern, but it could have up to 3 such patterns, separated by a wave *x*. Projections for the end of wave 3 are: 3 = 2.618(1) = 5936.00. Active Positions: Long and adding more, with puts as stops! Please click this link to view the Captain’s weekly silver chart. Double-click to enlarge it. Analysis: In the short term, we have now reached major support at the 49.56 level. Silver has also become oversold. The Captain is excited to add to his positions here! Wave iii ended at the 121.65 high, and it looks like wave iv has become more complex and is still underway, a shown on the chart. Within wave iv, we appear to now be working on a double 3 wave corrective pattern, as follows: (a) = 64.06. The retracement level of wave iv is very deep, so we thinking that our alternate count is in play, which is suggesting that wave iii is still underway and, in this case, we completed wave (i) at 121.56 and likely wave (ii), at or near the current low of 48.86. After wave (ii) ends we expect a very powerful wave (iii) of iii of 3 rally, that would see silver head to the $300 level, before it ends. 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 = 49.56. Active Positions: Long through PSLV:TSX and silver futures with puts as stops! 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 AND his key signals for the market… when he issues and acts on them himself. 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 GDX chart. Double-click to enlarge it. Analysis: All of wave A ended at the 56.67 high in 2008 and we now believe that all of wave B ended at the 12.40 low. If that is the case then we are still moving higher in wave C. Within wave C, we have the following count: i = 31.79. Within wave iii, we completed wave (iii) at the 117.18 high and all of wave (iv) at the 69.74 low. Within wave (v), we completed wave -i- at 105.67, and we are still moving lower in wave -ii-, which has a last retracement level of: 78.6% = 77.43. We do not want to trade much below of 78.6% retracement level for our current short-term analysis to remain valid, so we need to be on guard for the completion of wave -ii-, likely at the 75.83 low, and the start of another rally in wave -iii-. Active Positions: Long TSE:XGD and now GDX too! Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our free “CDNX: Is It Time To Buy?” report. The Captain highlights weekly and daily charts for this key venture stocks index. Solid investor tactics are included in the report. Thank you, 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. 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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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