Nothing New To Glean


While many of you are waiting for me to provide some new insight into the market, I am sorry to disappoint you and tell you that I really have no new insights to add.

The only new piece of information we got this week was a marginal lower low in gold, which now resets the count and allows us to look for a potential 5-wave rally off the low again. Other than that, the divergences are still very much holding on the larger degree charts.  And, silver may be attempting to trace out a leading diagonal for this first move higher.

So, nothing has really changed since the weekend update.

GC60min
GC60min
GLDdaily
GLDdaily
GDXdaily
GDXdaily
silver-144min
silver-144min
Avi Gilburt is founder of ElliottWaveTrader.net.


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