11:30 am PST. Silver says that this could turn into a three day correction until tomorrow with another pop higher again. I have no positions on in the gold sector right now. I exited my VXX puts +20%.
11:30 am PST. Silver says that this could turn into a three day correction until tomorrow with another pop higher again. I have no positions on in the gold sector right now. I exited my VXX puts +20%.
My Journey Towards Understanding the Markets 
Thanks for your timely comments.
Can share your latest wave counts on both GLD & SLV (medium term and short term) since the peak for GLD in Jul 2016 and the peak for SLV in Aug 2016? Greatly appreciated in advance.
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medium term => daily;
short term => hourly.
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Siu, You are a slave driver 🙂
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Sorry, if I made you feel that way. I am trying to get a clearer picture from technical standpoint. Hope you can give me better insight and clarification on the trend! Thanks again for your comments.
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This is my current wave counts on GLD (daily chart):
* Wave_(2) bottomed in Jan2016;
* Wave_1 topped in Jul2016;
* Wave_A/2 bottomed in Dec2016;
* Wave_B/2 topped in Apr2017;
* Wave_C/2 is in development now and targeted to bottom @ ~100 (assuming wave_C = wave_A) near the level when Wave_(2) bottomed).
Please comment and advice.
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