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Gold, Dollar, & Stk Mkt: Big Waves In Playcaptainewave Jun 1, 2020
We needed a break and close above the 1788.80 high to really see gold start to accelerate higher… and we got it on Tuesday! Our initial projection for the end of wave $iii$ is: $iii$ = 1.618$i$ = 1941.30. Wave ^iii^ that has the following initial projection for its completion: ^iii^ = 1.618^i^ = 1967.10. Our current projection for the end of wave .iii. is: .iii. = 1.618.i. = 2306.30! Trading Recommendation: Go long gold. Use puts as stops. Active Positions: We are long, with puts as stops! The other option is that wave -ii- is becoming more complex, as shown on our 120 Min SP500 Chart: In the longer term our initial projected end point for all of wave (iii) is: (iii) = 1.618(i) = 4001.14. Trading Recommendation: Flat. Active Positions: Flat! -iii- = 1.618-i-= 91.88. It appears that wave *iv* could still be underway and becoming more complex then we had originally thought. If it is not already complete at the 97.70 high then after wave *iv* ends we still expect another drop in wave *v* of -iii-. Active Positions: Flat! 3 = 1.618 (1) = 47.20 Wave 3 is subdividing and we are still rallying in wave ^iii^ of 3. Within wave ^iii^, we have updated our count to suggest that all of wave -iii- ended at the 37.49 high and likely all of wave -iv- at 31.22. If that is the case we could be starting to rally higher again, in wave -v- of ^iii^. Our next projection for the end of wave ^iii^ is: ^iii^ = 2.618^i^ = 43.32. Trading Recommendation: Go Long GDX & GDXJ! Active Positions: We are long the GDX, ABX, KGC, NEM, SSSR, and TSX:XGD… with no stops! Free Offer For 321Gold Readers: Please send me an email to admin@captainewave.com and I’ll send you our free short-term wave count charts and analysis for GDX and the CDNX junior miners index, and key breakout buy alerts for hot mining stocks! Thank-you! ### Jun 1, 2020 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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Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices. 321gold Ltd |
