Loading ...Sam’s EW on gold
I’ve been consistently of the view that last July/Aug marked a major high and the rally up from Dec 16 notwithstanding, we’d be declining into summer. (Big picture – large B wave composed of [gold] abc, where a ended last summer)
Sam’s update from last night is in line with that view.
I have some reservations based on what I see in individual miner charts and my long term work.
But I think this view has to be taken seriously until its compromised.
EW geek note … b/B waves can be messy. And this is a b of B, with gold b as a triangle.
I have been following your count and it looks good.. a well known Elliot waver thinks we are finishing an abc as part of some degree ii. my notation may be off but the bottom line is they are thinking a strong wave 3 coming so it will be interesting.. I can not take that view when it doesn’t align with sir rambus and sir plunger. thx again for your chart.
“your count”
Actually, Sam’s. I’m just the messenger. But I happen to agree with him far more often than not.
“it doesn’t align with sir rambus and sir plunger.”
Actually, I posted my views on UUP and USDU a few days back, adding my take on GDX that aligns precisely with Sam’s count here. And Sir Plunger signed on as well … from how I read it.
The chart just defeated Bradley!
What do you mean matthew?
Pedro- sorry I wasn’t clear.. I meant I can’t get behind the wave 3 bull count others have Bc it doesn’t align at all with rambus and plunger. I am in the camp aug 16 a huge B.