You see, silver seems to be setting up in a micro i-ii structure off the recent lows, whereas gold, as represented by the SPDR Gold Trust [
As far as individual stocks are concerned, Newmont Goldcorp [
As far as the the miners [
So, we seem to be on the verge of moving off the recent lows after this multi-month pullback in the metals complex. And, this next 5-wave structure off these lows should set us up for a very powerful heart of a 3rd wave developing for 2020.
Originally published on Wed Dec 18 for members of ElliottWaveTrader.net.
Equities Contributor: Avi Gilburt
Source: Equities News