It may. I need to publish a new alt for GDX, it too may make a new low.
Scott
on December 16, 2014 at 5:30 pm
I appreciate it too. Once sentiment changes, the miners move a lot, quickly.
davey
on December 16, 2014 at 5:13 pm
Lara, thanks for gdx and silver charts, your time is valuable so just one chart without text or video is fine, great to help confirm or deny what gold is doing with the second opinion of gdx and silver.
I’m rather sick yesterday and today. That’s why it was charts only.
disqus_0QgvJ5gTSZ
on December 16, 2014 at 5:11 pm
Hi Lara
The target for wave 2 would be a 35% increase.
Is that realistic given the GLD does not come close to reflecting this?
Also, the fact that we are so close to the invalidation point, doesn’t this reduce the likely hood of this count?
What would the ALT be? we are in 3 now?
thanks!
davey
on December 16, 2014 at 5:31 pm
disqus
As to possible 35% increase for gdx vs gold–as I track gold, silver and gdx it is common for silver to have a 2X-3X move and gdx to have a 3X-4X move as compared to gold. Over time they all usually move in the same general direction but gdx moves are typically much stronger (either up or down) than gold.
Yes, its entirely realistic. When I look at those two charts side by side they both have the “right look” in terms of EW structures.
I’m seeing another alt for GDX though which could include a slight new low for minute b before minute c moves higher.
Also, the target may be too high. When I know where minute wave b has ended I can calculate a target for minute c, and it may be lower than 23.45
disqus_0QgvJ5gTSZ
on December 17, 2014 at 12:47 pm
What is the target for the ‘slightly lower low’
This EWG website uses cookies to ensure members and visitors get the best experience. By continuing, you agree to the use of cookies on this website. - To learn more see TOS.
Is GDX going to do an about face also? To match golds.
It may. I need to publish a new alt for GDX, it too may make a new low.
I appreciate it too. Once sentiment changes, the miners move a lot, quickly.
Lara, thanks for gdx and silver charts, your time is valuable so just one chart without text or video is fine, great to help confirm or deny what gold is doing with the second opinion of gdx and silver.
You’re welcome.
I’m rather sick yesterday and today. That’s why it was charts only.
Hi Lara
The target for wave 2 would be a 35% increase.
Is that realistic given the GLD does not come close to reflecting this?
Also, the fact that we are so close to the invalidation point, doesn’t this reduce the likely hood of this count?
What would the ALT be? we are in 3 now?
thanks!
disqus
As to possible 35% increase for gdx vs gold–as I track gold, silver and gdx it is common for silver to have a 2X-3X move and gdx to have a 3X-4X move as compared to gold. Over time they all usually move in the same general direction but gdx moves are typically much stronger (either up or down) than gold.
Yes, its entirely realistic. When I look at those two charts side by side they both have the “right look” in terms of EW structures.
I’m seeing another alt for GDX though which could include a slight new low for minute b before minute c moves higher.
Also, the target may be too high. When I know where minute wave b has ended I can calculate a target for minute c, and it may be lower than 23.45
What is the target for the ‘slightly lower low’