Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks…
Yesterday, the preferred count expected a bounce, which we got. Problem as I’m writing this is that ES futures are up about 9-10 points.
As I mentioned in the body of the article yesterday, the wave iv target could run all the way up…
It all seemed so simple when I started writing tonight, but after studying the charts in more detail, it’s not as clear-cut as I’d hoped. I believe the wave down from the 1367 high counts best as a 5-wave impulse, which initially had me leaning&n…