riversnew577

riversnew577

Possible bottom hit?

riversnew577

Silver is set to move down in Wave (iii) with an ultimate target around $14-15 dollars. That's my $0.02 educated guess. FX_IDC:XAGUSD

riversnew577

Closing Leg A of a large ABC of c from 2011. Leg C is expected to finish at around $12.

riversnew577

Not advise just a study

riversnew577 Updated 

AMEX:DBA I am not sure if this count is correct, but, it looks ominous for farmers. Who is going to produce food? Is this being manipulated by the FED to keep food inflation from exploding?

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XAGUSD One more leg up to finish wave b from 2011

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XAG The current count is an Elliott ABCDE triangle with leg E finishing up wave b. The final WAVE c to cycle lows should follow.

riversnew577

Martin Armstrong has supposedly said that gold has peaked. If so, that corresponds with my count, although I expected wave V to extend and go to 1800. OANDA:XAUUSD

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CBOT_MINI:YM1! I only show 4 completed Elliott waves. Or it could be an WXYXZ.

riversnew577

The key to this count is the concealed (WXY) wave , which none sees. Under this count we're going to see only marginal upward movement to finish wave b and then plunge in wave (Y) to complete the abc from 2011.

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OANDA:XAUUSD This is a long term Elliott Wave count. There is nothing complicated about it, it's very straightforward(textbook EW). The trend is reaching its peak and should resume it downward direction after multi-year advance in cycle degree wave IV.

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COMEX:SI1! Silver should reclaim its long term trend line from 1970s to reach $9.

riversnew577

The long ABC correction is over.

riversnew577

FX_IDC:XAUUSD Gold is completing an abc correction form the recent top and will resume its downtrend to about $1250 in final wave c to complete its decline from 2011. I do not think that the recent advance is an impulse that will ultimately take us to new highs, but rather a corrective abc structure that will soon pan out.

riversnew577

TVC:USOIL WTI is in the process of completing an ABC up move to end wave IV of 5. The final C wave is an ending diagonal that will end or has already ended. The next move is down to complete the longer deflationary cyclical wave from 2008.

riversnew577 Updated 

TVC:USOIL

riversnew577

I can't find complete impulsive wave of the last low of about 17.40 to 18.20? All I see is 3-3-5 zig-zag. How is silver going to move up of this to much higher level? Yet silver stocks are making insane moves. I could be wrong, but I just don't see it. Regardless, if this was an impulsive wave, it would be some kind a third wave. This hardly feels like a third...

riversnew577

Having completed its wxy flat, silver should start coming down hard. I think that most pundits take this latest phony up move as a start of bull move.