Loading ...Dan’s LT gold EW count
Dan has been on this count for 3 years. He updated it tonight.
Patty seems to agree. See below under Scott’s post.
Scott in the same camp, roughly speaking.
I am gathering that Avi may be coming around — I’ve been told he has a post out warning of trouble in PM land.
Of course .. I fleshed this out in 2014 and posted my LT count in Keepers — in line with Dan’s view – a year ago.
And I’ve been ridiculed. Nothing new about that.
PS — I don’t agree with Dan’s pink II down at the end. See my LT count for why.
FCG – feel free to repost the chart as a chart vs a link, if you want.
GL to all!!!
Pedro, here is your link. Welcome back.
https://4.bp.blogspot.com/-LgdeCb-V3RM/V_QggMElSSI/AAAAAAAAc2M/CzW4pnBlmqIKBYGOetr8jXe9PPxZhfbggCLcB/s1600/gold.png
Thanks, Surf. Chart not only didn’t appear as a chart (that I knew) but not even as a link. Obviously copy and paste will get folks there.
As for welcome back…. Haven’t posted anything in a while, but I’ve commented here and there.
For this crowd … I’ve just been waiting for the fog to clear on where we are in the larger picture. That’s now firming up.
All eyes now on the lookout for the bottom of b of B down and start of c of B up. (c of) b down may still have a good bit to go.
Pedro, I have seen this chart from Daneric’s EW many years ago.
Many E-wavers have this chart with a larger A-B-C correction and it is a possibility …
Personnally I don’t know what to think of it but I will be curious to have other opinions this.
I think it is difficult to trust an EW count above Primary waves… jmho.
Pedro, In Avi’s Public Posts here, he is still very bullish on the PM Complex unless GDX moves below 19 and Silver 17 I think (not sure on the level on gold).
Gold is only approaching the 38% retrace level since the Dec 2015 low and GDX, the 50% level. Charts are still bullish and this is the kind of correction one would expect during a Yearly Cycle Low correction (so far).
Surf, the problem is that we can live with the Bullish and the Bearish count for another 1-2 years.
In both case, we should go higher after this down leg.
We can also go higher than the top of 2011 and STILL be in a Bearish count if the B wave is an Expanded Flat …
Welcome to EW !
Gabe, Understand. The charts will guide us.