Sam’s EW for gold
Its been awhile.
My 2015 post in Keepers outlined a SC IV, but as a zig zag, which is the most typical pattern. (ABC with deep low for C)
All the QE, including from China and BOJ, has shifted wave IV toward a triangle. More sideways than down.
This is a sketch, not a roadmap.
In particular, Sam warns that the lower trendline could land anywhere still.
He sees another near term low ahead, about 1680.
If he’s correct, what follows will be just another larger deadcat BMR for red 2.
So GL to yuz investor types.
Insurance buyers should be fine, eventually. If we live that long.
Thanks for the update Pedro
So 1500 is worst case
Better than the 800 or so as I recall from that original thesis
“(Pattern) Sketch not roadmap”
Sam’s text says “so that in reality green C down may move down to low at support of 1200”