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Dollar Swoons As Gold Reaction Endscaptainewave Apr 19, 2021 US Dollar Index: The bottom line: All of wave -iv- is complete at the 93.47 high and we are starting to fall in the initial stages of wave -v-. We should continue to drop. We plan to provide projections for the end of wave -v- in the next day or so. The continuing drop in the USDX should support our rallies in gold, silver and the GDX. Trading Recommendation: Stay flat. Active Positions: Flat! We are rallying in wave (i) of *iii* and within wave (i) we completed wave -i- at the 1738.00 and all of wave -ii- at the 1677.50. We are fast approaching our wave -iii- initial projected endpoint which is: -iii- = 1.618-i- = 1782.70. We suspect that wave -iii- might extend and if it does then our next projected endpoint for all of wave -iii- is: -iii- = 2.618-i- = 1846.70. Our first projection for the end of wave ^iii^ is: ^iii^ = 1.618^i^ = 2687.80! Longer term our current projected endpoint for all of wave *iii* is: *iii* = 1.618*i* = 2306.30. We have higher projections also. Trading Recommendation: Long gold. Use puts as stops. Active Positions: We are long, with puts as stops! In the big picture for silver, all of wave (ii) ended at the 21.96 low, and we are rallying higher in wave (iii), which has the following initial projected endpoint: (iii) = 1.618(i) = 51.52. Within wave (iii) all of wave -ii- is complete at the 23.79 low and we are rallying in wave -iii-, which has an initial projected endpoint of: -iii- = 1.618-i- = 34.22. Within wave -iii-, we are still working on wave *i*, with the next resistance at: 26.74. Trading Recommendation: Go long and use puts as a stop. Active Positions: Long using puts as a stop! Our wave *ii* correction is complete at the 30.64 low for GDX, and we are starting to rally sharply higher in the initial stages of wave *iii*. Our first projection for the end of wave *iii* is: *iii* = 1.618*i* = 78.66! Within wave *iii* we are now rallying in wave ^i^ and within wave ^i^ we look to have completed wave -i- at the 34.48 high and all of wave -ii- at the 31.65 low. We are rallying sharply higher in wave -iii-, which has an initial projected endpoint of: -iii- = 1.618-i- = 37.86 We aggressively broke above our seven (7) month upper red downtrend line that has defined the upper bound of our wave *ii* correction. In the days ahead we may drop back to test this breakout, but we do not have to do that. We should be heading higher, to reach at least our first projected endpoint for wave -iii- at the 38.00 level. Our incredible updated GDX projection for the end of wave -3- is: 3 = 2.618 (1) = 66.37! Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our stunning bond market update and chart and wave count analysis that suggests US rates are going to soar in an inflationary quagmire back to the 1980 highs! I include shocking wave counts for the US stock market and trade tips for GDX in this key report! ### Apr 19, 2021 Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. 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