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Silver Says: The Rally Continuescaptainewave July 3, 2019 GOLD: Short Term Update
We have been working on the assumption that all of wave $i$ of *iii* is complete and we are now falling in our expected wave $ii$ correction. Our retracement levels for all of wave $ii$ are: 50% = 1356.00 61.8% = 1335.40. Our first projection for the end of all wave *iii* is: *iii* = 1.618*i* = 1564.60! Our first projection for the end of wave .iii. is: .iii. = 1.618.i. = 1447.20, and we do have higher projections. Trading Recommendation: Long gold. Use puts as stops. Active Positions: We are long, with puts as stops! Short Term Update
The silver/gold ratio is at a record, which is suggesting that either gold needs to fall or silver needs to rally sharply. Our initial projection for the end of wave !iii! is: !iii! = 1.618!i! = 15.88 We have higher projections for the end of wave !iii! also. Our first projection for the end of wave .iii. is: .iii. = 1.618.i. = 18.06! Trading Recommendation: Long silver. Use a put as a stop. Active Positions: We are long, with puts as stops! Short Term Update
50% = 579.02; 61.8% = 567.10. We now need to be on guard for the end of wave -ii- and the start of very sharp rally in wave -iii-. We will provide our initial projection for the end of wave -iii- when we are sure that all of wave -ii- is complete. Going long an array of junior mining stocks is recommended! Kinross: Has now completed its minimum requirements for a completed wave (ii), at the 2.38 low. Wave (iii) rally is now underway. Barrick: We have completed the minimum requirements for a completed wave (ii) at the 9.53 low. Wave (iii) rally is now underway. HUI: We have completed the minimum requirements for a completed wave (ii), at the 131.12 low. Wave (iii) rally is now underway. XAU: We have completed the minimum requirements for a completed wave 2 at the 60.59 low. Wave 3 rally is now underway. Trading Recommendation: We continue to suggest buying all of the above gold stocks and indices, for a long term hold. Active Positions: We are long the GDX, ABX, KGC, NEM, SSR, 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 latest Wave Counts Tactics report! We analyse the hourly chart and the daily chart for GDX, and key individual miners! Thank-you! Captain Ewave & Crew ### Jul 3, 2019 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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