Hi,

I would like to have some opinions of possibilities in gold stocks, assuming US$ will top 1H 2017 and gold goes to $1500 next 12-18 months (my opinion)

I do not think it will be easy the next 2/3 months, what if we rally next 2/3 weeks but fail to make newer high, not that bullish!

Maybe we will stay in triangle and break out later (chart of Fullgold)

https://goldtadise.com/wp-content/uploads/2017/03/hui180.png

But what if we make lower low into May 17? I believe that from EW perspective Bottom in Dec 2016 should have marked the low of Wave II correction. The question is, where are we now ?(I am not an expert in this). Are we at the start of wave 3 of III, or are we still in wave 2 correction of III and will we have the remaining part of an ABC correction, with A finished today or next week, with B and C next.

I believe correction should last longer than everybody expects fooling all bulls so maybe after rally should go down into April/May.

The only problem that I have is that assuming the bull case the lows of Dec 2016 should not be violated so Hui 180 and gold 1200 (current prices ) should hold, making it difficult to have a lower low into April/May.

Opinions welcome!