june 7 morning post!

Captain Ewave Morning Post!

 

Please click here for the Bob Balan Ewave Basics Handbook… which the Captain highly recommends:

https://captainewave.com/wp-content/uploads/2021/04/Ewave-Basics.pdf

 

Don’t try to learn Ewave all in one day.  Focus on when the Captain is buying or selling, and the big wave counts.  

From there, add more detail to your study.

 

If any sub needs one-on-one help with the wave counts, just some handholding during market dips, or both, shoot us an Email we’ll work out a phone talk time slot.  Can buy a one-time slot or multi… Thanks, Captain & Crew 

 

CDNX: 

 

CDNX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun721cdnx.png  

Short Term Update:

 

The CDNX moved higher in Friday’s trading session reaching a high of 978.01 and we closed on the high of 978.01 also!

 

Longer term we are continuing to rally higher in wave (i) of -iii-. Within wave (i) we believe we completed wave $i$ of (i) of -iii- at the 999.86 high.

 

If that is the case then we are now dropping in wave $ii$, which has the following retracement levels:

 

78.6% = 895.63.

 

We now need to be on guard for the completion of wave $ii$ at the 902.30 low and the start of a major rally in wave $iii$. Our current short term challenge is to clear resistance at the 1000 level. We are very close to declaring that all of wave $ii$ is complete at the 902.30 low.

 

We will provide our first projection for end of wave $iii$, when we believe all of wave $ii$ is complete.

 

Longer term all of wave -iii- has an initial projected endpoint of:

 

-iii- = 1.618-i- = 1592.50.

 

We should continue to rally sharply higher in wave .iii., which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 1357.04.

 

Since the current projected endpoint for wave .iii. is lower than for wave -iii-, we should expect that wave .iii. will head to our second projected endpoint which is:

 

.iii. = 2.618.i. = 1784.50.

 

Trading Recommendation: Long the GDXJ as a long-term hold.                   

 

Active Positions: Heavily long the GDXJ and key juniors on the CDNX, as a long-term hold!  

 

GDX & Gold Stocks:

 

GDX 60 Min Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun721gdx60.png

 

GDX Daily Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun721gdxd.png

 

Short Term Update:

 

The GDX was higher in Friday’s trading session reaching a high of 38.96, closing at 38.68!

 

Within wave *iii* we are now rallying in wave ^i^ and within wave ^i^ we continue to rally sharply higher in wave -iii-, which has a current projected endpoint of:

 

-iii- = 2.618-i- = 41.70     

 

We have updated our current count to now suggest that all of wave $iii$ of -iii- is complete at the 39.90 high and if that is the case then we are now falling in wave $iv$ which has the following retracement levels:

 

23.6% = 38.58;

38.2% = 37.76.

 

We have entered our retracement zone so we need to be guard for the completion of wave $iv$ and the start of our wave $v$ of -iii- rally. Note the green channel lines on our 60 Min GDX Chart, which we continue to hold within.   

 

We should soon be heading higher again very soon.

 

Longer term our first projection for the end of wave *iii* is:

 

*iii* = 1.618*i* = 78.66!           

 

Our updated projection for the end of wave -3- is:

 

3 = 2.618 (1) = 66.37.

 

We do have higher projections, however, as gold is likely heading well above $5000/oz.

 

Kinross(Updated May 25th,2021):

 

We continue to rally in subdividing wave -iii- of (iii), which has an updated projection for its completion of:

 

-iii- = 4.25-i- = 19.25.

 

Within wave -iii-, we completed wave .i. at 10.24 and all of wave .ii. at the 6.09 low. We are now rallying in wave .iii. which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 18.26.

 

Longer term our updated projection for the end of wave (iii) is:

 

(iii) = 4.25(i) = 21.55.

 

Wave -iii- and (iii) can extend higher also.

 

Barrick (Updated May 21,2021):  We are now rallying in an extending wave iii rally which has the following projection for its completion:

 

iii = 2.618i = 53.94

 

Wave iii still has along way to go and within this wave we are now rallying in wave (iii). Wave (iii) is now subdividing also, and it looks like we completed wave -i- at 31.01 and all of wave -ii- at the 18.64 low. WE are now rallying in wave -iii-, which has the following initial projected endpoint:

 

-iii- = 1.618-i- = 48.35.

 

Our current projected endpoint for all of wave (iii) is:

 

(iii) = 2.618(i) = 45.24.

 

Newmont Goldcorp: We are now rallying in (v) of iii, which has the following projected endpoint:

 

iii = 2.618i = 107.85.

 

After wave iii ends, we expect a wave iv correction that retraces between 23.6 to 38.2% of the entre wave iii rally.

 

HUI (Updated May 20th, 2021): We are now rallying in wave 3 which has the following projected endpoint:

 

3 = 2.618(1) = 620.32.

 

Within wave 3 we are rallying in wave iii, which has the following updated projected endpoint:

 

iii = 4.25i=644.35.

 

Within wave iii, we completed all of wave (ii) at 247.99 and we are now starting to rally higher in wave iii, which has the following projected endpoint:

 

(iii) = 1.618(i) = 622.30.

 

XAU (Updated May 18, 2021): We are now rallying in wave (iii), which has the following projected endpoint:

 

(iii) = 2.618(i) = 226.55.

 

Within wave (iii), we are rallying in wave -iii- which is now subdividing with wave .i. of -iii- ending at 165.36, and all of wave .ii. at the 128.08 low. We are now rallying in wave .iii., which as an initial projected endpoint of:

 

.iii. = 1.618.i. = 233.83.

 

Longer term, wave -iii- has a current projected endpoint of:

                                                 

-iii- = 2.618-i- = 201.84.

 

Since wave .iii. has a higher projection then wave -iii-, we would assume that wave -iii- will move to next projected endpoint which is:

 

-iii- = 4.25-i- = 288.57

 

Trading Recommendation: Long Term hold of all gold stocks and indices.

 

Active Positions: We remain long the GDX, ABX, KGC, NEM, SSRM, and TSX:XGD with no stops!! 

 

Gold:  

 

Daily Gold Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun721gold.png

 

Short Term Update: 

 

Gold was higher in Friday’s day session reaching a high of 1898.20.

 

In the overnight session we have moved lower reaching a low of 1883.80.

 

We have updated our current count to suggest that all of wave $iii$ is now complete at the 1915.60, and if that is the case then we are now falling in wave $iv$ which has the following retracement levels:

 

23.6% = 1870.20;

38.2% = 1842.10.

 

It now looks like wave $iv$ is now complete at the 1855.60 low and if that is the case we should now be rallying higher again in wave $v$ of -iii-, which has a current projected endpoint of:                                                               

 

-iii- = 4.25-i- = 1952.40. 

 

Longer term our first projection for the end of wave ^iii^ is:

 

^iii^ = 1.618^i^ =  2687.80.

 

Longer term our current projected endpoint for all of wave *iii* is:

 

*iii* = 1.618*i* = 2306.30.

 

We have higher projections also.

 

Trading Recommendation: Long gold. Use puts as stops. 

 

Active Positions: We are long, with puts as stops! 

 

Silver:

 

Daily Silver Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun721si.png

 

Short Term Update:

 

Silver was higher in Friday’s day session reaching a high of 27.98.

 

In the overnight session we have moved lower reaching a low of 27.60.

 

Longer term we continue to rally higher in wave (iii), which has the following initial projected endpoint:

 

(iii) = 1.618(i) = 51.52.

 

Within wave (iii) all of wave -ii- is complete at the 23.79 low and that we are now rallying in wave -iii-, which has an initial projected endpoint of:

 

-iii- = 1.618-i- = 34.22.

 

Within wave -iii-, we are still working on wave *i*, although the internal wave structure is not that clear at the moment, but we think wave *i* will likely end at the 29/91/30.35 resistance level.  

 

We still expect to break above the 28.10/28.50 resistance level, after which we will be heading to our next resistance level at 29.91/30.35 levels.

 

Trading Recommendation: Long and using a put as a stop.

 

Active Positions: Long using a put as a stop!                                                                                                                                             

 

US 10 Year Bond Yield:

 

Daily US 10 Year Bond Yield Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun721bond.png  

Short Term Update:                                                                      

 

The US 10 Year Bond Yield was lower in Friday’s day session and that trend lower has continued in the overnight session as we have reached a low of 1.567%!

 

We are currently updating our US 10 Year Bond Yield Daily Chart to provide the internal wave count for all of wave (iii). We will continue to work on this.

 

US 10 Year Bond Yields made a multi-generational low at the 0.398% level and have started the long journey higher in a new bull market that will last decades. The era of low interest rates has now ended.

 

In the short term we are now rallying in wave (iii) in our first five wave impulsive sequence and within that sequence we are now rallying in wave (iii), which has an initial target of:

 

(iii) = 1.618(i) = 1.910%. 

 

After wave (iii) ends we expect a wave (iv) correction that retraces between 23.6 to 38.2% of the entire wave (iii) rally.

 

It appears that much higher inflation is now coming.      

                                                                                                                                                                                       

Trading Recommendation: Flat.

                                                                                                                    

Active Positions: Flat!

 

S&P500: 

 

Daily SP500 Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun-721spd.png

 

120 Minute SP500 Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun721sp120.png

 

Short Term Update:

                                                             

The SP500 was higher in Friday’s trading session reaching a high of 4233.45.

 

In the overnight session the SP500 Futures are down by about 2 points.

 

All of wave -v- of (iii) is now complete at 4236.39 high. We are now falling in wave (iv), which has the following retracement levels:

 

23.6% = 3889.53;

38.2% = 3674.95.

 

The expected drop in wave (iv) should be between 300 and 550 points.

 

It is still to early to determine which type of corrective pattern wave (iv) is going to develop into.

                                                                                                                                                                                                                                       

Trading Recommendation: Short with calls as stops.

                                                                                   

Active Positions: Short will calls as stops!

 

USDX:

 

Daily USDX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun721usd.png

 

Short Term Update:

 

The USDX moved lower in Friday’s day session reaching a low of 90.01. In the overnight session we initially moved higher reaching a high of 90.31, but after that high was made we moved lower currently trading at the 90.09 level.

 

On the Intraday Chart we appear to have a bearish triangle formation which now looks to be expanding. If this observation is correct then once this triangle ends we should see the USDX thrust lower. The triangle likely started at the 90.91 high. A rally now above that high would eliminate the triangle formation.

 

We continue to fall in wave -v- and are starting to get close to our minimum target for its completion at the 89.17 low.

 

Projections for the end of wave -v- are:

 

-v- = 89.17;

-v- = 1.618-i- = 84.38;

-v- = 0.618(length of wave -iii-) = 0.618(100.97-89.17) = 86.18;

-v- = 1.618(length of wave -iii-) = 1.618(100.97-89.17) = 74.38.  

 

The continuing drop in the USDX should support our rallies in gold, silver and the GDX.                           

                                                                                                        

Trading Recommendation: Flat.

 

Active Positions: Flat! 

 

Crude Oil and Suncor:

 

Daily Crude Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun721oil.png             

Short Term Update:

 

Crude was higher in Friday’s day session reaching a high of 69.76. In the overnight session we have moved lower reaching a low of 68.94.

 

Longer term we continue to rally sharply higher in wave (iii), which the following longer term projected endpoint:

 

(iii) = 1.618(i) = 93.96.  

                                                                                                                                              

Wave $i$ of (iii) is now complete at the 67.98 high and we are now falling in wave $ii$ which has the following retracement levels:

 

50% = 50.81;

61.8% = 46.76.

 

Within wave $ii$, we believe that all of wave ^a^ ended at 57.25, as we continue to rally higher in an incomplete wave ^b^. After wave ^b^ ends we expect another drop in wave ^c^ to complete all of wave $ii$.

 

Suncor: We continue to rally in wave iii which has the following initial projected endpoint:

 

iii = 1.618i = 30.28.

 

Within wave iii it now looks like wave -i- ended at 19.94 and wave -ii- at the 16.29 low.

 

We continue to rally higher in wave -iii-, which has a projected endpoint of:

 

-iii- = 1.618-i- = 31.29.

 

Trading Recommendation: Long crude with a put as a stop. Long Suncor.

 

Active Positions: Long crude with put as a stop! Long Suncor!                         

  

Thanks!

Captain & Crew

JUNE 6 WEEKLY CHARTS POST!

Gold: 

 

Weekly Gold Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621gold.png

 

Long Term Update:

 

Gold was initially higher this past week reaching a high of 1919.20, although after that high was made, we moved lower reaching a low of 1855.60.

 

We closed lower, but way above those lows, at 1892.00!

                                                                          

We continue to rally sharply higher in wave ^iii^. Within wave ^iii^ we are working on wave -iii-, which has our projected endpoint of:                   

 

-iii- = 4.25-i- = 1952.40.

 

Within wave -iii-, we completed wave $iii$ at the 1915.60 high and likely all of wave $iv$ at the 1855.60 low. If that is the case we are now starting to rally higher in wave $v$ of -iii-.

 

After wave -iii- ends we expect a wave -iv- correction that retraces between 23.6 to 38.2% of the entire wave -iii- rally.

 

Longer term our initial projection for the end of wave ^iii^ is:

 

^iii^ = 1.618^i^ = 2687.80.

 

Longer term our current initial projected endpoint for all of wave *iii* is:                                                 

 

*iii* = 1.618*iii* = 2306.30.

 

We suspect that wave *iii* will likely extend since wave ^iii^ of *iii* is now projected to be higher than the current complete wave *iii* projection.     

                              

Active Positions: Long with puts as stops!  

 

Silver:

 

Weekly Silver Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621si.png

 

Long Term Update:

 

Silver was initially higher this past week reaching a high of 28.71, but after that higher was made we moved lower reaching a low of 27.09. We closed at 27.90. 

                                                                  

Wave ii is complete at the 21.96 low and we are now rallying higher in wave iii of 3, which has an initial projected endpoint of:

 

iii = 1.618i = 51.52.

 

Within wave iii, we completed wave (i) at 29.91 and all of wave (ii) at the 23.74 low. We are now rallying in wave (iii) of iii, which has the following initial projected endpoint:

 

(iii) = 1.618(i) = 34.22.

 

We are likely still working on wave *i* of -iii-.  

 

Longer term our initial projection for the end of wave 3 is:

                                                             

3 = 1.618(1) = 86.50   

 

In the very long term we completed all of wave III at 49.00 in 1980 and all of wave IV at 3.55 in 1993. We are now working on wave V and within wave V we have the following count;

 

1 = 49.82;

2 = 11.64;

3 = First projection is 86.50.

 

Active Positions: Long at 14.85, with a put as a stop!

 

US 10 Year Bond Yield:

                                                                                               

Long Term Update:

 

The 10 Year US Bond Yield was lower this past week reaching a lower of 1.557%, closing at 1.560%!

 

It appears that the bear market in US interest is now over and it ended at the 0.398% low. Over the next couple of decades we are now rallying back to the all-time in rates that we saw in the 1980’s.

 

This multi-decade rally should be impulsive and we are now working on our very first impulsive sequence. Within that impulsive sequence we are rallying in wave (iii) which has an initial projected endpoint of:

 

(iii) = 1.618 (i) =1.910%.

 

We expect to move higher in the weeks ahead as we head toward the 1.910% level. We are currently working on the internal subdivision count within wave (iii). After wave (iii) ends we expect a wave (iv) drop that retraces between 23.6 to 38.2% of the entire wave (iii) rally.

 

Active Positions: Flat.

 

Crude Oil:

 

Weekly Crude Oil Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621oil.png

 

 

Long Term Update:                                                                          

             

Crude was higher this past week reaching a high of 69.76, closing at 69.62!

 

We still think that we are working on a complex wave -ii- correction that has the following retracement levels:

 

50% = 50.81

61.8% = 46.81.

 

The rally from 57.25 to the current high of 69.76 does not look impulsive which is suggesting lower prices lie head. We are still short of retracement levels for our wave -ii- correction, so we still expect a drop at least back to our 50% retracement level of 50.81, before all of wave -ii- ends.

 

After wave -ii- ends we expect a very sharp rally higher in wave -iii-.

 

We continue to rally in wave -i- of (iii), with all of wave (iii) having and initial projected endpoint of:

 

(iii) = 1.618(i) = 93.96.

 

In the long term we are now rallying in wave C that has the following projections:

 

C= A = 153.77;

C= 1.618A = 244.78.

 

Suncor:                                                                   

 

Weekly Suncor Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621su.png

 

Long Term Update:

 

Suncor was sharply higher this past week reaching a high of 25.60, closing at 25.49!

 

We continue to rally sharply higher in wave iii. Our initial projection for the end of wave iii is:

 

iii = 1.618i = 30.73.

 

Within wave (i) of iii it looks like wave -i- ended at the 19.94 and likely all of wave -ii- at the 16.29 low. If that is the case then we should now be rallying sharply higher in wave -iii-, which has an initial projected endpoint of:

 

-iii- = 1.618-i-=31.29.

 

Active Positions: Long crude, with puts as a stop. Long Suncor!                       

 

SP500:

 

Weekly SP500 Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621sp.png

 

Long Term Update:

 

The SP500 was higher this past week reaching a high of 4234.12, closing at 4229.89!

 

From the 3723.34 low we have now completed the minimum requirements for a completed 5 wave impulsive sequence at the 4238.04 high, and we are now working on the assumption that all of wave (iii) of v is complete at that high.

 

We should therefore be falling in wave (iv), which has the following retracement levels;

 

23.6% = 3889.53;

38.2% = 3674.95.

 

It is too early to determine which type of corrective pattern wave (iv) is going to become.

 

Active Positions: Short with calls as stops!

 

USDX:

 

Weekly USDX Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621usd.png

 

Long Term Update:

 

The USDX was higher this past week reaching a high of 90.62, closing at 90.13!

 

We continue to move lower in wave -v-. Expect further losses, with a drop to at least the 88.15 low.

 

Active Positions: Flat.

 

CDNX: 

 

Weekly CDNX Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621cdnx.png

 

Long Term Update:

 

The CDNX was higher this past reaching a high of 978.0, closing and closing on its high of 978.01! We expect another higher close in the in the CNDX next week.

 

It appears that wave $ii$ is now complete at the 902.36 low. If that is the case then we should start to rally sharply higher in wave $iii$. We will provide your first projections for the end of wave $iii$, when we believe all of the wave $ii$ is complete.

 

Longer term we continue to rally sharply higher in wave .iii. which has an initial endpoint of:

 

.iii. = 1.618.i. = 1357.02    

 

Wave .iii. is now subdividing and if that is the case then we should now be rallying sharply higher in wave -iii- of .iii. Our initial projected endpoint for all of wave -iii- is:

 

-iii- =1.618-i- = 1592.50.                           

 

Our minimum long-term target for the end of wave C is 3341.56.

 

Active Positions: Long the GDXJ, for a long term hold.

 

GDX: 

 

Weekly GDX Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621gdx.png  

 

Long Term Update:

 

The GDX was lower this past week reaching a low of 38.01, closing at 38.68.

 

We to rally sharply higher in wave *iii*, which has the following projected endpoint:

 

*iii* = 1.618*i*= 78.63.

 

We updated our internal count for wave -iii- to suggest that all of wave $iii$ ended at the 40.13, and also all of wave $iv$ at the 38.01 low. If that is the case we should now be rallying in wave $v$ of -iii-, which has the following projected endpoint:

 

-iii- =2.618-i- = 41.70.

 

Expect higher prices next week.

 

Our current projection for the end of 3 is:

 

3 = 2.618 (-1-) = 66.37.                                                                                                                     

 

We do have higher targets also.

 

Active Positions: We are long the GDX, ABX, KGC, NEM, SSSR, and TSX:XGD… with no stops and we added to our long positions at 31.50.

 

Bitcoin: 

  

Weekly Bitcoin Chart: https://captainewave.com/wp-content/uploads/2021/06/ewjun621bit.png

 

Long Term Update:

 

Bitcoin moved sideways this past week, closing at 35900.

 

All of wave 1 or A is now complete at the 64860 high. We are now falling in wave 2 of B which has the following retracement levels:

 

50% = 32430;

61.8% = 24777.

 

We have already entered our retracement zone for all of wave 2 or B, but we doubt that it is complete so quickly. On the Daily Chart it looks like form the 64860 high we are falling in an impulsive sequence which does NOT look to be complete at the 29925 low.

 

We need one more drop below that low to satisfy all of the minimum requirement for our first impulsive sequence to be complete.

 

After that happens we would have completed all of wave (a). After wave (a) ends we expect a wave (b) rally that retraces between 50 to 61.8% of the entire wave (a) drop.

 

 After wave (b) ends we expect one more drop in wave (c) to complete all of wave 2 or B.

 

We have graphically shown our suggested path for all of wave 2 or B on our Bitcoin Weekly Chart.

 

Thanks!

Captain & Crew

 

june 4 morning post!

Captain Ewave Morning Post!

 

Please click here for the Bob Balan Ewave Basics Handbook… which the Captain highly recommends:

https://captainewave.com/wp-content/uploads/2021/04/Ewave-Basics.pdf

 

Don’t try to learn Ewave all in one day.  Focus on when the Captain is buying or selling, and the big wave counts.  

From there, add more detail to your study.

 

If any sub needs one-on-one help with the wave counts, just some handholding during market dips, or both, shoot us an Email we’ll work out a phone talk time slot.  Can buy a one-time slot or multi… Thanks, Captain & Crew 

 

CDNX: 

 

CDNX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun421cdnx.png

 

Short Term Update:

 

The CDNX moved lower in yesterday’s trading session reaching a low of 963.39, closing at 969.86.

 

Longer term we are continuing to rally higher in wave (i) of -iii-. Within wave (i) we believe we completed wave $i$ of (i) of -iii- at the 999.86 high.

 

If that is the case then we are now dropping in wave $ii$, which has the following retracement levels:

 

78.6% = 895.63.

 

We now need to be on guard for the completion of wave $ii$ at the 902.30 low and the start of a major rally in wave $iii$. Our current short term challenge is to clear resistance above the sloping line connecting 968.07 and 962.05, which we are doing now.

 

We will provide our first projection for end of wave $iii$, when we believe all of wave $ii$ is complete.

 

Longer term all of wave -iii- has an initial projected endpoint of:

 

-iii- = 1.618-i- = 1592.50.

 

We should continue to rally sharply higher in wave .iii., which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 1357.04.

 

Since the current projected endpoint for wave .iii. is lower than for wave -iii-, we should expect that wave .iii. will head to our second projected endpoint which is:

 

.iii. = 2.618.i. = 1784.50.

 

Trading Recommendation: Long the GDXJ as a long-term hold.                   

 

Active Positions: Heavily long the GDXJ and key juniors on the CDNX, as a long-term hold!  

 

GDX & Gold Stocks:

 

GDX 60 Min Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun421gdx60.png

 

GDX Daily Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun421gdxd.png

 

Short Term Update:

 

The GDX was sharply lower in yesterday’s trading session reaching a low of 38.01, closing at 38.17.

 

Within wave *iii* we are now rallying in wave ^i^ and within wave ^i^ we continue to rally sharply higher in wave -iii-, which has a current projected endpoint of:

 

-iii- = 2.618-i- = 41.70     

 

We have updated our current count to now suggest that all of wave $iii$ of -iii- is complete at the 39.90 high and if that is the case then we are now falling in wave $iv$ which has the following retracement levels:

 

23.6% = 38.58;

38.2% = 37.76.

 

We have entered our retracement zone so we need to be guard for the completion of wave $iv$ and the start of our wave $v$ of -iii- rally. Note the green channel lines on your 60 Min GDX Chart.   

 

Yes… we should soon be heading higher again very soon!!

 

Longer term our first projection for the end of wave *iii* is:

 

*iii* = 1.618*i* = 78.66!           

 

Our updated projection for the end of wave -3- is:

 

3 = 2.618 (1) = 66.37.

 

We do have higher projections, however, as gold is likely heading well above $5000/oz.

 

We will be updating our long term gold charts this week (May 17th):

 

Kinross(Updated May 25th,2021):

 

We continue to rally in subdividing wave -iii- of (iii), which has an updated projection for its completion of:

 

-iii- = 4.25-i- = 19.25.

 

Within wave -iii-, we completed wave .i. at 10.24 and all of wave .ii. at the 6.09 low. We are now rallying in wave .iii. which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 18.26.

 

Longer term our updated projection for the end of wave (iii) is:

 

(iii) = 4.25(i) = 21.55.

 

Wave -iii- and (iii) can extend higher also.

 

Barrick (Updated May 21,2021):  We are now rallying in an extending wave iii rally which has the following projection for its completion:

 

iii = 2.618i = 53.94

 

Wave iii still has along way to go and within this wave we are now rallying in wave (iii). Wave (iii) is now subdividing also, and it looks like we completed wave -i- at 31.01 and all of wave -ii- at the 18.64 low. WE are now rallying in wave -iii-, which has the following initial projected endpoint:

 

-iii- = 1.618-i- = 48.35.

 

Our current projected endpoint for all of wave (iii) is:

 

(iii) = 2.618(i) = 45.24.

 

Newmont Goldcorp: We are now rallying in (v) of iii, which has the following projected endpoint:

 

iii = 2.618i = 107.85.

 

After wave iii ends, we expect a wave iv correction that retraces between 23.6 to 38.2% of the entre wave iii rally.

 

HUI (Updated May 20th, 2021): We are now rallying in wave 3 which has the following projected endpoint:

 

3 = 2.618(1) = 620.32.

 

Within wave 3 we are rallying in wave iii, which has the following updated projected endpoint:

 

iii = 4.25i=644.35.

 

Within wave iii, we completed all of wave (ii) at 247.99 and we are now starting to rally higher in wave iii, which has the following projected endpoint:

 

(iii) = 1.618(i) = 622.30.

 

XAU (Updated May 18, 2021): We are now rallying in wave (iii), which has the following projected endpoint:

 

(iii) = 2.618(i) = 226.55.

 

Within wave (iii), we are rallying in wave -iii- which is now subdividing with wave .i. of -iii- ending at 165.36, and all of wave .ii. at the 128.08 low. We are now rallying in wave .iii., which as an initial projected endpoint of:

 

.iii. = 1.618.i. = 233.83.

 

Longer term, wave -iii- has a current projected endpoint of:

                                                 

-iii- = 2.618-i- = 201.84.

 

Since wave .iii. has a higher projection then wave -iii-, we would assume that wave -iii- will move to next projected endpoint which is:

 

-iii- = 4.25-i- = 288.57

 

Trading Recommendation: Long Term hold of all gold stocks and indices.

 

Active Positions: We remain long the GDX, ABX, KGC, NEM, SSRM, and TSX:XGD with no stops!! 

 

Gold:  

 

Daily Gold Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun421gold.png Short Term Update: 

 

Gold moved sharply lower yesterday’s day session and that trend lower continued early in the overnight session as we reached a low of 1858.20.

 

Since that low was made we have moved higher currently trading at the 1873.50 level.

 

We have updated our current count to suggest that all of wave $iii$ is now complete at the 1915.60, and if that is the case then we are now falling in wave $iv$ which has the following retracement levels:

 

23.6% = 1870.20;

38.2% = 1842.10.

 

We have now entered our $iv$ retracement zone so we need to be on guard for its completion and the start of our wave $v$ of -iii- rally, which has a current projected endpoint of:                                                               

 

-iii- = 4.25-i- = 1952.40. 

 

Longer term our first projection for the end of wave ^iii^ is:

 

^iii^ = 1.618^i^ =  2687.80.

 

Longer term our current projected endpoint for all of wave *iii* is:

 

*iii* = 1.618*i* = 2306.30.

 

We have higher projections also.

 

Trading Recommendation: Long gold. Use puts as stops. 

 

Active Positions: We are long, with puts as stops! 

 

Silver:

 

Daily Silver Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun421si.png

 

Short Term Update:

 

Silver was sharply lower in yesterday’s day session reaching a low of 27.10. In the overnight session we have moved sideways currently trading at the 27.46 level.

 

Longer term we continue to rally higher in wave (iii), which has the following initial projected endpoint:

 

(iii) = 1.618(i) = 51.52.

 

Within wave (iii) all of wave -ii- is complete at the 23.79 low and that we are now rallying in wave -iii-, which has an initial projected endpoint of:

 

-iii- = 1.618-i- = 34.22.

 

Within wave -iii-, we are still working on wave *i*, although the internal wave structure is not that clear at the moment, but we think wave *i* will likely end at the 29/91/30.35 resistance level.  

 

We still expect to break above the 28.10/28.50 resistance level, after which we will be heading to our next resistance level at 29.91/30.35 levels.

 

Trading Recommendation: Long and using a put as a stop.

 

Active Positions: Long using a put as a stop!                                                                                                                                             

 

US 10 Year Bond Yield:

 

Daily US 10 Year Bond Yield Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun421bond.png

 

Short Term Update:                                                                      

 

The US 10 Year Bond Yield was higher in yesterday’s day session and that trend higher has continued in the overnight session as we have reached a high of 1.632%!

 

We are currently updating our US 10 Year Bond Yield Daily Chart to provide the internal wave count for all of wave (iii). We will continue to work on this.

 

US 10 Year Bond Yields made a multi-generational low at the 0.398% level and have started the long journey higher in a new bull market that will last decades. The era of low interest rates has now ended.

 

In the short term we are now rallying in wave (iii) in our first five wave impulsive sequence and within that sequence we are now rallying in wave (iii), which has an initial target of:

 

(iii) = 1.618(i) = 1.910%. 

 

After wave (iii) ends we expect a wave (iv) correction that retraces between 23.6 to 38.2% of the entire wave (iii) rally.

 

It appears that much higher inflation is now coming.      

                                                                                                                                                                                       

Trading Recommendation: Flat.

                                                                                                                    

Active Positions: Flat!

 

S&P500: 

 

Daily SP500 Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun421spd.png

 

120 Minute SP500 Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun421sp120.png

 

Short Term Update:

                                                             

The SP500 moved lower in yesterday’s trading session reaching a low of 4167.93. In the overnight session the SP500 Futures are up by about 3 points.

 

All of wave -v- of (iii) is now complete at 4236.39 high. We are now falling in wave (iv), which has the following retracement levels:

 

23.6% = 3889.53;

38.2% = 3674.95.

 

The expected drop in wave (iv) should be between 300 and 550 points.

 

It is still to early to determine which type of corrective pattern wave (iv) is going to develop into.

                                                                                                                                                                                                                                       

Trading Recommendation: Short with calls as stops.

                                                                                   

Active Positions: Short with calls as stops!

 

USDX:

 

Daily USDX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun421usd.png

 

Short Term Update:

 

The USDX moved higher in yesterday’s day session and that trend higher has continued in the overnight session as we have reached ahigh of 90.63!

 

On the Intraday Chart we appear to have a bearish triangle formation which now looks to be expanding. If this observation is correct then once this triangle ends we should see the USDX thrust lower. The triangle likely started at the 90.91 high. A rally now above that high would eliminate the triangle formation.

 

We continue to fall in wave -v- and are starting to get close to our minimum target for its completion at the 89.17 low.

 

Projections for the end of wave -v- are:

 

-v- = 89.17;

-v- = 1.618-i- = 84.38;

-v- = 0.618(length of wave -iii-) = 0.618(100.97-89.17) = 86.18;

-v- = 1.618(length of wave -iii-) = 1.618(100.97-89.17) = 74.38.  

 

The continuing drop in the USDX should support our rallies in gold, silver and the GDX.                           

                                                                                                        

Trading Recommendation: Flat.

 

Active Positions: Flat! 

 

Crude Oil and Suncor:

 

Daily Crude Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun421oil.png                                                                                                                       

Short Term Update:

 

Crude was lower in yesterday’s day session reaching a low of 68.19. In the overnight session we have moved sideways currently trading at the 69.02 level.

 

Longer term we continue to rally sharply higher in wave (iii), which the following longer term projected endpoint:

 

(iii) = 1.618(i) = 93.96.  

                                                                                                                                              

Wave $i$ of (iii) is now complete at the 67.98 high and we are now falling in wave $ii$ which has the following retracement levels:

 

50% = 50.81;

61.8% = 46.76.

 

Within wave $ii$, we believe that all of wave ^a^ ended at 57.25, as we continue to rally higher in an incomplete wave ^b^. After wave ^b^ ends we expect another drop in wave ^c^ to complete all of wave $ii$.

 

Suncor: We continue to rally in wave iii which has the following initial projected endpoint:

 

iii = 1.618i = 30.28.

 

Within wave iii it now looks like wave -i- ended at 19.94 and wave -ii- at the 16.29 low.

 

We continue to rally higher in wave -iii-, which has a projected endpoint of:

 

-iii- = 1.618-i- = 31.29.

 

Trading Recommendation: Long crude with a put as a stop. Long Suncor.

 

Active Positions: Long crude with put as a stop! Long Suncor!                         

  

Thanks!

Captain & Crew

june 3 morning post!

Captain Ewave Morning Post!

 

Please click here for the Bob Balan Ewave Basics Handbook… which the Captain highly recommends:

https://captainewave.com/wp-content/uploads/2021/04/Ewave-Basics.pdf

 

Don’t try to learn Ewave all in one day.  Focus on when the Captain is buying or selling, and the big wave counts.  

From there, add more detail to your study.

 

If any sub needs one-on-one help with the wave counts, just some handholding during market dips, or both, shoot us an Email we’ll work out a phone talk time slot.  Can buy a one-time slot or multi… Thanks, Captain & Crew 

 

CDNX: 

 

CDNX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun321cdnx.png

 

Short Term Update:

 

The CDNX moved higher in yesterday’s trading session reaching a high of 977.49, closing at 973.54!

 

Longer term we are continuing to rally higher in wave (i) of -iii-. Within wave (i) we believe we completed wave $i$ of (i) of -iii- at the 999.86 high.

 

If that is the case then we are now dropping in wave $ii$, which has the following retracement levels:

 

78.6% = 895.63.

 

We now need to be on guard for the completion of wave $ii$ at the 902.30 low and the start of a major rally in wave $iii$. Our current short term challenge is to clear resistance above the sloping line connecting 968.07 and 962.05, which we are doing now.

 

We will provide our first projection for end of wave $iii$, when we believe all of wave $ii$ is complete.

 

Longer term all of wave -iii- has an initial projected endpoint of:

 

-iii- = 1.618-i- = 1592.50.

 

We should continue to rally sharply higher in wave .iii., which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 1357.04.

 

Since the current projected endpoint for wave .iii. is lower than for wave -iii-, we should expect that wave .iii. will head to our second projected endpoint which is:

 

.iii. = 2.618.i. = 1784.50.

 

Trading Recommendation: Long the GDXJ as a long-term hold.                   

 

Active Positions: Heavily long the GDXJ and key juniors on the CDNX, as a long-term hold!  

 

GDX & Gold Stocks:

 

GDX 60 Min Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun321gdx60.png

 

GDX Daily Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun321gdxd.png

 

Short Term Update:

 

The GDX moved sideways in yesterday’s trading session, closing marginally higher at 39.54!

 

Within wave *iii* we are now rallying in wave ^i^ and within wave ^i^ we continue to rally sharply higher in wave -iii-, which has a current projected endpoint of:

 

-iii- = 2.618-i- = 41.70     

 

Within wave -iii-, we now be rallying in wave $iii$, which has an initial projected endpoint of:

 

$iii$ = 1.618$i$ = 42.70.

 

On our 60 Min Intraday Chart we have shown a possible internal wave count for all of wave $iii$.  This count could now be suggesting that wave !iv! is becoming a bullish triangle, which is still underway. We still do not like that wave !iii! is so short relative to wave !i!.

 

Based on what we have shown the next move in this market will be higher in wave !v! to $iii$ heading to our 42.70 projected endpoint, in spite of our concerns about the shortness of our current wave !iii! of $iii$.

 

The bottom line: Wave $iii$ count be subdividing even further, which is very bullish. For now we will leave this count as is but expect it will be modified.  

 

We should soon be heading higher again, to at least our next resistance of 41.13/41.81.

 

Longer term our first projection for the end of wave *iii* is:

 

*iii* = 1.618*i* = 78.66!           

 

Our updated projection for the end of wave -3- is:

 

3 = 2.618 (1) = 66.37.

 

We do have higher projections, however, as gold is likely heading well above $5000/oz.

 

We will be updating our long term gold charts this week (May 17th):

 

Kinross(Updated May 25th,2021):

 

We continue to rally in subdividing wave -iii- of (iii), which has an updated projection for its completion of:

 

-iii- = 4.25-i- = 19.25.

 

Within wave -iii-, we completed wave .i. at 10.24 and all of wave .ii. at the 6.09 low. We are now rallying in wave .iii. which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 18.26.

 

Longer term our updated projection for the end of wave (iii) is:

 

(iii) = 4.25(i) = 21.55.

 

Wave -iii- and (iii) can extend higher also.

 

Barrick (Updated May 21,2021):  We are now rallying in an extending wave iii rally which has the following projection for its completion:

 

iii = 2.618i = 53.94

 

Wave iii still has along way to go and within this wave we are now rallying in wave (iii). Wave (iii) is now subdividing also, and it looks like we completed wave -i- at 31.01 and all of wave -ii- at the 18.64 low. WE are now rallying in wave -iii-, which has the following initial projected endpoint:

 

-iii- = 1.618-i- = 48.35.

 

Our current projected endpoint for all of wave (iii) is:

 

(iii) = 2.618(i) = 45.24.

 

Newmont Goldcorp: We are now rallying in (v) of iii, which has the following projected endpoint:

 

iii = 2.618i = 107.85.

 

After wave iii ends, we expect a wave iv correction that retraces between 23.6 to 38.2% of the entre wave iii rally.

 

HUI (Updated May 20th, 2021): We are now rallying in wave 3 which has the following projected endpoint:

 

3 = 2.618(1) = 620.32.

 

Within wave 3 we are rallying in wave iii, which has the following updated projected endpoint:

 

iii = 4.25i=644.35.

 

Within wave iii, we completed all of wave (ii) at 247.99 and we are now starting to rally higher in wave iii, which has the following projected endpoint:

 

(iii) = 1.618(i) = 622.30.

 

XAU (Updated May 18, 2021): We are now rallying in wave (iii), which has the following projected endpoint:

 

(iii) = 2.618(i) = 226.55.

 

Within wave (iii), we are rallying in wave -iii- which is now subdividing with wave .i. of -iii- ending at 165.36, and all of wave .ii. at the 128.08 low. We are now rallying in wave .iii., which as an initial projected endpoint of:

 

.iii. = 1.618.i. = 233.83.

 

Longer term, wave -iii- has a current projected endpoint of:

                                                 

-iii- = 2.618-i- = 201.84.

 

Since wave .iii. has a higher projection then wave -iii-, we would assume that wave -iii- will move to next projected endpoint which is:

 

-iii- = 4.25-i- = 288.57

 

Trading Recommendation: Long Term hold of all gold stocks and indices.

 

Active Positions: We remain long the GDX, ABX, KGC, NEM, SSRM, and TSX:XGD with no stops!! 

 

Gold:  

 

Daily Gold Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun321gold.png

  

Short Term Update: 

 

Gold moved sideways in yesterday’s day session.

 

In the overnight session we have moved lower reaching a low of 1892.70.

 

Gold continues to move higher to our next projected endpoint for all of wave $iii$ which is:

 

$iii$ = 2.618$i$ = 1938.10.

 

After wave $iii$ ends we expect a small wave $iv$ correction that retraces between 23.6 to 38.2% of the entire wave $iii$ rally. After wave $iv$ ends we expect a wave $v$ that rally that will complete all of wave -iii-, which has a current projected endpoint of:                                                               

 

-iii- = 4.25-i- = 1952.40. 

 

Next major resistance is at the 1966/1978 levels.

 

Longer term our first projection for the end of wave ^iii^ is:

 

^iii^ = 1.618^i^ =  2687.80.

 

Longer term our current projected endpoint for all of wave *iii* is:

 

*iii* = 1.618*i* = 2306.30.

 

We have higher projections also.

 

Trading Recommendation: Long gold. Use puts as stops. 

 

Active Positions: We are long, with puts as stops! 

 

Silver:

 

Daily Silver Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun321si.png

 

Short Term Update:

 

Silver was higher in yesterday’s day session reaching a high of 28.32.

 

In the overnight session we moved lower reaching a low of 27.72!

 

Longer term we continue to rally higher in wave (iii), which has the following initial projected endpoint:

 

(iii) = 1.618(i) = 51.52.

 

Within wave (iii) all of wave -ii- is complete at the 23.79 low and that we are now rallying in wave -iii-, which has an initial projected endpoint of:

 

-iii- = 1.618-i- = 34.22.

 

Within wave -iii-, we are still working on wave *i*.

 

We still expect to break above the 28.10/28.50 resistance level, after which we will be heading to our next resistance level at 29.91/30.35 levels.

 

Trading Recommendation: Long and using a put as a stop.

 

Active Positions: Long using a put as a stop!                                                                                                                                             

 

US 10 Year Bond Yield:

 

Daily US 10 Year Bond Yield Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun321bond.png

 

Short Term Update:                                                                      

 

The US 10 Year Bond Yield was lower in yesterday’s day session reaching a low of 1.588%.

 

In the overnight session we moved higher reaching a high of 1.605%!

 

We are currently updating our US 10 Year Bond Yield Daily Chart to provide the internal wave count for all of wave (iii). We will continue to work on this.

 

US 10 Year Bond Yields made a multi-generational low at the 0.398% level and have started the long journey higher in a new bull market that will last decades. The era of low interest rates has now ended.

 

In the short term we are now rallying in wave (iii) in our first five wave impulsive sequence and within that sequence we are now rallying in wave (iii), which has an initial target of:

 

(iii) = 1.618(i) = 1.910%. 

 

After wave (iii) ends we expect a wave (iv) correction that retraces between 23.6 to 38.2% of the entire wave (iii) rally.

 

It appears that much higher inflation is now coming.      

                                                                                                                                                                                       

Trading Recommendation: Flat.

                                                                                                                    

Active Positions: Flat!

 

S&P500: 

 

Daily SP500 Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun321spd.png

 

120 Minute SP500 Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun321sp120.png

 

Short Term Update:

                                                             

The SP500 moved sideways in yesterday’s trading session, although we closed marginally higher at 4208.12. In the overnight session the SP500 Futures are down by about 34 points!

 

All of wave -v- of (iii) is now complete at 4236.39 high. We are now falling in wave (iv), which has the following retracement levels:

 

23.6% = 3889.53;

38.2% = 3674.95.

 

The expected drop in wave (iv) should be between 300 and 550 points.

 

It is still to early to determine which type of corrective pattern wave (iv) is going to develop into.

                                                                                                                                                                                                                                       

Trading Recommendation: Short will calls as stops.

                                                                                   

Active Positions: Short will calls as stops!

 

USDX:

 

Daily USDX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun321usd.png

 

Short Term Update:

 

The USDX moved sideways in yesterday’s day session and that trend has continued in the overnight session as we are currently trading at the 90.04 level!

 

On the Intraday Chart we appear to have a bearish triangle formation which could be nearing completion. If this observation is correct then once this triangle ends we should see the USDX thrust lower. The triangle likely started at the 90.91 high and may be complete at the 90.24 high.

 

We continue to fall in wave -v- and are starting to get close to our minimum target for its completion at the 89.17 low.

 

Projections for the end of wave -v- are:

 

-v- = 89.17;

-v- = 1.618-i- = 84.38;

-v- = 0.618(length of wave -iii-) = 0.618(100.97-89.17) = 86.18;

-v- = 1.618(length of wave -iii-) = 1.618(100.97-89.17) = 74.38.  

 

The continuing drop in the USDX should support our rallies in gold, silver and the GDX.                           

                                                                                                        

Trading Recommendation: Flat.

 

Active Positions: Flat! 

 

Crude Oil and Suncor:

 

Daily Crude Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun321oil.png                                                                                                                       

Short Term Update:

 

Crude was higher in yesterday’s day session and that trend higher has continued in the overnight session as we have reached a high of 69.40.

 

Longer term we continue to rally sharply higher in wave (iii), which the following longer term projected endpoint:

 

(iii) = 1.618(i) = 93.96.  

                                                                                                                                              

Wave $i$ of (iii) is now complete at the 67.98 high and we are now falling in wave $ii$ which has the following retracement levels:

 

50% = 50.81;

61.8% = 46.76.

 

Within wave $ii$, we believe that all of wave ^a^ ended at 57.25, as we continue to rally higher in an incomplete wave ^b^. After wave ^b^ ends we expect another drop in wave ^c^ to complete all of wave $ii$.

 

Suncor: We continue to rally in wave iii which has the following initial projected endpoint:

 

iii = 1.618i = 30.28.

 

Within wave iii it now looks like wave -i- ended at 19.94 and wave -ii- at the 16.29 low.

 

We continue to rally higher in wave -iii-, which has a projected endpoint of:

 

-iii- = 1.618-i- = 31.29.

 

Trading Recommendation: Long crude with a put as a stop. Long Suncor.

 

Active Positions: Long crude with put as a stop! Long Suncor!                         

  

Thanks!

Captain & Crew

 

june 2 morning post!

Captain Ewave Morning Post!

 

Please click here for the Bob Balan Ewave Basics Handbook… which the Captain highly recommends:

https://captainewave.com/wp-content/uploads/2021/04/Ewave-Basics.pdf

 

Don’t try to learn Ewave all in one day.  Focus on when the Captain is buying or selling, and the big wave counts.  

From there, add more detail to your study.

 

If any sub needs one-on-one help with the wave counts, just some handholding during market dips, or both, shoot us an Email we’ll work out a phone talk time slot.  Can buy a one-time slot or multi… Thanks, Captain & Crew 

 

CDNX: 

 

CDNX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun221cdnx.png

Short Term Update:

 

The CDNX moved higher in yesterday’s trading session reaching a high of 974.91, closing at 972.04!

 

Longer term we are continuing to rally higher in wave (i) of -iii-. Within wave (i) we believe we completed wave $i$ of (i) of -iii- at the 999.86 high.

 

If that is the case then we are now dropping in wave $ii$, which has the following retracement levels:

 

78.6% = 895.63.

 

We now need to be on guard for the completion of wave $ii$ at the 902.30 low and the start of a major rally in wave $iii$. Our current short term challenge is to clear resistance above the sloping line connecting 968.07 and 962.05, which we are doing now.

 

We will provide our first projection for end of wave $iii$, when we believe all of wave $ii$ is complete.

 

Longer term all of wave -iii- has an initial projected endpoint of:

 

-iii- = 1.618-i- = 1592.50.

 

We should continue to rally sharply higher in wave .iii., which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 1357.04.

 

Since the current projected endpoint for wave .iii. is lower than for wave -iii-, we should expect that wave .iii. will head to our second projected endpoint which is:

 

.iii. = 2.618.i. = 1784.50.

 

Trading Recommendation: Long the GDXJ as a long-term hold.                   

 

Active Positions: Heavily long the GDXJ and key juniors on the CDNX, as a long-term hold!  

 

GDX & Gold Stocks:

 

GDX 60 Min Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun221gdx60.png

 

GDX Daily Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun221gdxd.png

 

Short Term Update:

 

The GDX was higher in yesterday’s trading session reaching a low of 39.88, closing at 39.49!

 

Within wave *iii* we are now rallying in wave ^i^ and within wave ^i^ we continue to rally sharply higher in wave -iii-, which has a current projected endpoint of:

 

-iii- = 2.618-i- = 41.70     

 

Within wave -iii-, we now be rallying in wave $iii$, which has an initial projected endpoint of:

 

$iii$ = 1.618$i$ = 42.70.

 

On our 60 Min Intraday Chart we have shown a possible internal wave count for all of wave $iii$.  This count could now be suggesting that wave !iv! is becoming a bullish triangle, which is still underway. We still do not like that wave !iii! is so short relative to wave !i!.

 

Based on what we have shown the next move in this market will be higher in wave !v! to $iii$ heading to our 42.70 projected endpoint, in spite of our concerns about the shortness of our current wave !iii! of $iii$.

 

The bottom line: Wave $iii$ count be subdividing even further, which is very bullish. For now we will leave this count as is but expect it will be modified.  

 

We should soon be heading higher again, to at least our next resistance of 41.13/41.81.

 

Longer term our first projection for the end of wave *iii* is:

 

*iii* = 1.618*i* = 78.66!           

 

Our updated projection for the end of wave -3- is:

 

3 = 2.618 (1) = 66.37.

 

We do have higher projections, however, as gold is likely heading well above $5000/oz.

 

We will be updating our long term gold charts this week (May 17th):

 

Kinross(Updated May 25th,2021):

 

We continue to rally in subdividing wave -iii- of (iii), which has an updated projection for its completion of:

 

-iii- = 4.25-i- = 19.25.

 

Within wave -iii-, we completed wave .i. at 10.24 and all of wave .ii. at the 6.09 low. We are now rallying in wave .iii. which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 18.26.

 

Longer term our updated projection for the end of wave (iii) is:

 

(iii) = 4.25(i) = 21.55.

 

Wave -iii- and (iii) can extend higher also.

 

Barrick (Updated May 21,2021):  We are now rallying in an extending wave iii rally which has the following projection for its completion:

 

iii = 2.618i = 53.94

 

Wave iii still has along way to go and within this wave we are now rallying in wave (iii). Wave (iii) is now subdividing also, and it looks like we completed wave -i- at 31.01 and all of wave -ii- at the 18.64 low. WE are now rallying in wave -iii-, which has the following initial projected endpoint:

 

-iii- = 1.618-i- = 48.35.

 

Our current projected endpoint for all of wave (iii) is:

 

(iii) = 2.618(i) = 45.24.

 

Newmont Goldcorp: We are now rallying in (v) of iii, which has the following projected endpoint:

 

iii = 2.618i = 107.85.

 

After wave iii ends, we expect a wave iv correction that retraces between 23.6 to 38.2% of the entre wave iii rally.

 

HUI (Updated May 20th, 2021): We are now rallying in wave 3 which has the following projected endpoint:

 

3 = 2.618(1) = 620.32.

 

Within wave 3 we are rallying in wave iii, which has the following updated projected endpoint:

 

iii = 4.25i=644.35.

 

Within wave iii, we completed all of wave (ii) at 247.99 and we are now starting to rally higher in wave iii, which has the following projected endpoint:

 

(iii) = 1.618(i) = 622.30.

 

XAU (Updated May 18, 2021): We are now rallying in wave (iii), which has the following projected endpoint:

 

(iii) = 2.618(i) = 226.55.

 

Within wave (iii), we are rallying in wave -iii- which is now subdividing with wave .i. of -iii- ending at 165.36, and all of wave .ii. at the 128.08 low. We are now rallying in wave .iii., which as an initial projected endpoint of:

 

.iii. = 1.618.i. = 233.83.

 

Longer term, wave -iii- has a current projected endpoint of:

                                                 

-iii- = 2.618-i- = 201.84.

 

Since wave .iii. has a higher projection then wave -iii-, we would assume that wave -iii- will move to next projected endpoint which is:

 

-iii- = 4.25-i- = 288.57

 

Trading Recommendation: Long Term hold of all gold stocks and indices.

 

Active Positions: We remain long the GDX, ABX, KGC, NEM, SSRM, and TSX:XGD with no stops!! 

 

Gold:  

 

Daily Gold Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun221gold.png

 

Short Term Update: 

 

Gold was lower in yesterday’s day session reaching a low of 1894.50. In the overnight session we have moved higher reaching a high of 1907.00.

 

Gold continues to move higher to our next projected endpoint for all of wave $iii$ which is:

 

$iii$ = 2.618$i$ = 1938.10.

 

After wave $iii$ ends we expect a small wave $iv$ correction that retraces between 23.6 to 38.2% of the entire wave $iii$ rally. After wave $iv$ ends we expect a wave $v$ that rally that will complete all of wave -iii-, which has  current projected endpoint of:                                                               

 

-iii- = 4.25-i- = 1952.40. 

 

Next major resistance is at the 1966/1978 levels.

 

Longer term our first projection for the end of wave ^iii^ is:

 

^iii^ = 1.618^i^ =  2687.80.

 

Longer term our current projected endpoint for all of wave *iii* is:

 

*iii* = 1.618*i* = 2306.30.

 

We have higher projections also.

 

Trading Recommendation: Long gold. Use puts as stops. 

 

Active Positions: We are long, with puts as stops! 

 

Silver:

 

Daily Silver Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun221si.png

 

Short Term Update:

 

Silver was higher in yesterday’s day session reaching a high of 28.70.

 

After that high was made we moved lower and that trend lower has continued in the overnight session as we have reached a low of 27.78, although we have since recovered some of those losses to currently be trading at the 28.03 level.

 

Longer term we continue to rally higher in wave (iii), which has the following initial projected endpoint:

 

(iii) = 1.618(i) = 51.52.

 

Within wave (iii) all of wave -ii- is complete at the 23.79 low and that we are now rallying in wave -iii-, which has an initial projected endpoint of:

 

-iii- = 1.618-i- = 34.22.

 

Within wave -iii-, we are still working on wave *i*.

 

We still expect to break above the 28.10/28.50 resistance level, after which we will be heading to our next resistance level at 29.91/30.35 levels.

 

Trading Recommendation: Long and using a put as a stop.

 

Active Positions: Long using a put as a stop!                                                                                                                                             

 

US 10 Year Bond Yield:

 

Daily US 10 Year Bond Yield Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun221bond.png  

 

Short Term Update:                                                                      

 

The US 10 Year Bond Yield was higher in yesterday’s day session reaching a high of 1.639%. In the overnight session we moved lower reaching a low of 1.601%!

 

We are currently updating our US 10 Year Bond Yield Daily Chart to provide the internal wave count for all of wave (iii). We will continue to work on this.

 

US 10 Year Bond Yields made a multi-generational low at the 0.398% level and have started the long journey higher in a new bull market that will last decades. The era of low interest rates has now ended.

 

In the short term we are now rallying in wave (iii) in our first five wave impulsive sequence and within that sequence we are now rallying in wave (iii), which has an initial target of:

 

(iii) = 1.618(i) = 1.910%. 

 

After wave (iii) ends we expect a wave (iv) correction that retraces between 23.6 to 38.2% of the entire wave (iii) rally.

 

It appears that much higher inflation is now coming.      

                                                                                                                                                                                       

Trading Recommendation: Flat.

                                                                                                                    

Active Positions: Flat!

 

S&P500: 

 

Daily SP500 Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun221spd.png

 

120 Minute SP500 Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun221sp120.png

 

Short Term Update:

                                                             

The SP500 was initially higher in yesterday’s trading session reaching a high of 4234.12, although we closed marginally lower at 4202.04. In the overnight session the SP500 Futures are up by about 3 points.

 

All of wave -v- of (iii) is now complete at 4236.39 high. We are now falling in wave (iv), which has the following retracement levels:

 

23.6% = 3889.53;

38.2% = 3674.95.

 

The expected drop in wave (iv) should be between 300 and 550 points.

 

It is still to early to determine which type of corrective pattern wave (iv) is going to develop into.

                                                                                                                                                                                                                                       

Trading Recommendation: Short with calls as stops.

                                                                                   

Active Positions: Short with calls as stops!

 

USDX:

 

Daily USDX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun221usd.png

 

Short Term Update:

 

The USDX was initially lower in yesterday’s day session reaching a low of 89.65. After that low was made we moved higher and that trend higher has continued in the overnight session as we have reached a high of 90.24!

 

On the Intraday Chart we appear to have a bearish triangle formation which could be nearing completion. If this observation is correct then once this triangle ends we should see the USDX thrust lower.

 

 The triangle likely started at the 90.91 high and may be complete at the 90.24 high.

 

We continue to fall in wave -v- and are starting to get close to our minimum target for its completion at the 89.17 low.

 

Projections for the end of wave -v- are:

 

-v- = 89.17;

-v- = 1.618-i- = 84.38;

-v- = 0.618(length of wave -iii-) = 0.618(100.97-89.17) = 86.18;

-v- = 1.618(length of wave -iii-) = 1.618(100.97-89.17) = 74.38.  

 

The continuing drop in the USDX should support our rallies in gold, silver and the GDX.                           

                                                                                                        

Trading Recommendation: Flat.

 

Active Positions: Flat! 

 

Crude Oil and Suncor:

 

Daily Crude Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun221oil.png  

Short Term Update:

 

Crude was higher in yesterday’s day session reaching ahigh of 68.87. In the overnight session we have moved sideways currently trading at the 68.38 level.

 

Longer term we continue to rally sharply higher in wave (iii), which the following longer term projected endpoint:

 

(iii) = 1.618(i) = 93.96.  

                                                                                                                                              

Wave $i$ of (iii) is now complete at the 67.98 high and we are now falling in wave $ii$ which has the following retracement levels:

 

50% = 50.81;

61.8% = 46.76.

 

Within wave $ii$, we believe that all of wave ^a^ ended at 57.25, as we continue to rally higher in an incomplete wave ^b^. After wave ^b^ ends we expect another drop in wave ^c^ to complete all of wave $ii$.

 

Suncor: We continue to rally in wave iii which has the following initial projected endpoint:

 

iii = 1.618i = 30.28.

 

Within wave iii it now looks like wave -i- ended at 19.94 and wave -ii- at the 16.29 low.

 

We continue to rally higher in wave -iii-, which has a projected endpoint of:

 

-iii- = 1.618-i- = 31.29.

 

Trading Recommendation: Long crude with a put as a stop. Long Suncor.

 

Active Positions: Long crude with put as a stop! Long Suncor!                         

  

Thanks!

Captain & Crew

june 1 morning post!

Captain Ewave Morning Post!

 

Please click here for the Bob Balan Ewave Basics Handbook… which the Captain highly recommends:

https://captainewave.com/wp-content/uploads/2021/04/Ewave-Basics.pdf

 

Don’t try to learn Ewave all in one day.  Focus on when the Captain is buying or selling, and the big wave counts.  

From there, add more detail to your study.

 

If any sub needs one-on-one help with the wave counts, just some handholding during market dips, or both, shoot us an Email we’ll work out a phone talk time slot.  Can buy a one-time slot or multi… Thanks, Captain & Crew 

 

CDNX: 

 

CDNX Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun121cdnx.png  

Short Term Update:

 

The CDNX moved higher in yesterday’s trading session reaching a high of 971.50, closing at 968.63!

 

Longer term we are continuing to rally higher in wave (i) of -iii-. Within wave (i) we believe we completed wave $i$ of (i) of -iii- at the 999.86 high.

 

If that is the case then we are now dropping in wave $ii$, which has the following retracement levels:

 

78.6% = 895.63.

 

We now need to be on guard for the completion of wave $ii$ at the 902.30 low and the start of a major rally in wave $iii$. Our current short term challenge is to clear resistance above the sloping line connecting 968.07 and 962.05, which we are doing now.

 

We will provide our first projection for end of wave $iii$, when we believe all of wave $ii$ is complete.

 

Longer term all of wave -iii- has an initial projected endpoint of:

 

-iii- = 1.618-i- = 1592.50.

 

We should continue to rally sharply higher in wave .iii., which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 1357.04.

 

Since the current projected endpoint for wave .iii. is lower than for wave -iii-, we should expect that wave .iii. will head to our second projected endpoint which is:

 

.iii. = 2.618.i. = 1784.50.

 

Trading Recommendation: Long the GDXJ as a long-term hold.                   

 

Active Positions: Heavily long the GDXJ and key juniors on the CDNX, as a long-term hold!  

 

GDX & Gold Stocks:

 

GDX 60 Min Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun121gdx60.png

 

GDX Daily Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewmun121gdxd.png

 

Short Term Update:

 

The GDX was initially lower in Friday’s trading session reaching a low of 38.77, although we closed higher at 39.42!

 

Within wave *iii* we are now rallying in wave ^i^ and within wave ^i^ we continue to rally sharply higher in wave -iii-, which has a current projected endpoint of:

 

-iii- = 2.618-i- = 41.70     

 

Within wave -iii-, we now be rallying in wave $iii$, which has an initial projected endpoint of:

 

$iii$ = 1.618$i$ = 42.70.

 

On our 60 Min Intraday Chart we have shown a possible internal wave count for all of wave $iii$.  This count could now be suggesting that wave !iv! is becoming a bullish triangle, which is still underway. We still do not like that wave !iii! is so short relative to wave !i!.

 

Based on what we have shown the next move in this market will be higher in wave !v! to $iii$ heading to our 42.70 projected endpoint, in spite of our concerns about the shortness of our current wave !iii! of $iii$.

 

The bottom line: Wave $iii$ count be subdividing even further, which is very bullish. For now we will leave this count as is but expect it will be modified.  

 

We should soon be heading higher again, to at least our next resistance of 41.13/41.81.

 

Longer term our first projection for the end of wave *iii* is:

 

*iii* = 1.618*i* = 78.66!           

 

Our updated projection for the end of wave -3- is:

 

3 = 2.618 (1) = 66.37.

 

We do have higher projections, however, as gold is likely heading well above $5000/oz.

 

We will be updating our long term gold charts this week (May 17th):

 

Kinross(Updated May 25th,2021):

 

We continue to rally in subdividing wave -iii- of (iii), which has an updated projection for its completion of:

 

-iii- = 4.25-i- = 19.25.

 

Within wave -iii-, we completed wave .i. at 10.24 and all of wave .ii. at the 6.09 low. We are now rallying in wave .iii. which has an initial projected endpoint of:

 

.iii. = 1.618.i. = 18.26.

 

Longer term our updated projection for the end of wave (iii) is:

 

(iii) = 4.25(i) = 21.55.

 

Wave -iii- and (iii) can extend higher also.

 

Barrick (Updated May 21,2021):  We are now rallying in an extending wave iii rally which has the following projection for its completion:

 

iii = 2.618i = 53.94

 

Wave iii still has along way to go and within this wave we are now rallying in wave (iii). Wave (iii) is now subdividing also, and it looks like we completed wave -i- at 31.01 and all of wave -ii- at the 18.64 low. WE are now rallying in wave -iii-, which has the following initial projected endpoint:

 

-iii- = 1.618-i- = 48.35.

 

Our current projected endpoint for all of wave (iii) is:

 

(iii) = 2.618(i) = 45.24.

 

Newmont Goldcorp: We are now rallying in (v) of iii, which has the following projected endpoint:

 

iii = 2.618i = 107.85.

 

After wave iii ends, we expect a wave iv correction that retraces between 23.6 to 38.2% of the entre wave iii rally.

 

HUI (Updated May 20th, 2021): We are now rallying in wave 3 which has the following projected endpoint:

 

3 = 2.618(1) = 620.32.

 

Within wave 3 we are rallying in wave iii, which has the following updated projected endpoint:

 

iii = 4.25i=644.35.

 

Within wave iii, we completed all of wave (ii) at 247.99 and we are now starting to rally higher in wave iii, which has the following projected endpoint:

 

(iii) = 1.618(i) = 622.30.

 

XAU (Updated May 18, 2021): We are now rallying in wave (iii), which has the following projected endpoint:

 

(iii) = 2.618(i) = 226.55.

 

Within wave (iii), we are rallying in wave -iii- which is now subdividing with wave .i. of -iii- ending at 165.36, and all of wave .ii. at the 128.08 low. We are now rallying in wave .iii., which as an initial projected endpoint of:

 

.iii. = 1.618.i. = 233.83.

 

Longer term, wave -iii- has a current projected endpoint of:

                                                 

-iii- = 2.618-i- = 201.84.

 

Since wave .iii. has a higher projection then wave -iii-, we would assume that wave -iii- will move to next projected endpoint which is:

 

-iii- = 4.25-i- = 288.57

 

Trading Recommendation: Long Term hold of all gold stocks and indices.

 

Active Positions: We remain long the GDX, ABX, KGC, NEM, SSRM, and TSX:XGD with no stops!! 

 

Gold:  

 

Daily Gold Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun121gold.png

 

Short Term Update: 

 

Gold was higher in Friday’s day session and that trend higher continued in the overnight session as we have reached a high of 1919.10!

 

Gold continues to move higher to our next projected endpoint for all of wave $iii$ which is:

 

$iii$ = 2.618$i$ = 1938.10.

 

After wave $iii$ ends we expect a small wave $iv$ correction that retraces between 23.6 to 38.2% of the entire wave $iii$ rally. After wave $iv$ ends we expect a wave $v$ that rally that will complete all of wave -iii-, which has  current projected endpoint of:                                                               

 

-iii- = 4.25-i- = 1952.40. 

 

Next major resistance is at the 1966/1978 levels.

 

Longer term our first projection for the end of wave ^iii^ is:

 

^iii^ = 1.618^i^ =  2687.80.

 

Longer term our current projected endpoint for all of wave *iii* is:

 

*iii* = 1.618*i* = 2306.30.

 

We have higher projections also.

 

Trading Recommendation: Long gold. Use puts as stops. 

 

Active Positions: We are long, with puts as stops! 

 

Silver:

 

Daily Silver Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun121si.png

 

Short Term Update:

 

Silver was higher in Friday’s day session and that trend higher has continued in the overnight session we have reached a high of 28.52!

 

Longer term we continue to rally higher in wave (iii), which has the following initial projected endpoint:

 

(iii) = 1.618(i) = 51.52.

 

Within wave (iii) all of wave -ii- is complete at the 23.79 low and that we are now rallying in wave -iii-, which has an initial projected endpoint of:

 

-iii- = 1.618-i- = 34.22.

 

Within wave -iii-, we are still working on wave *i*.

 

We still expect to break above the 28.10/28.50 resistance level, after which we will be heading to our next resistance level at 29.91/30.35 levels.

 

Trading Recommendation: Long and using a put as a stop.

 

Active Positions: Long using a put as a stop!                                                                                                                                             

 

US 10 Year Bond Yield:

 

Daily US 10 Year Bond Yield Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun121bond.png

 

 

Short Term Update:                                                                      

 

The US 10 Year Bond Yield was lower in Friday’s day session reaching a low of 1.579%.

 

In the overnight session we moved higher reaching a high of 1.632%.

 

We are currently updating our US 10 Year Bond Yield Daily Chart to provide the internal wave count for all of wave (iii). We will continue to work on this.

 

US 10 Year Bond Yields made a multi-generational low at the 0.398% level and have started the long journey higher in a new bull market that will last decades. The era of low interest rates has now ended.

 

In the short term we are now rallying in wave (iii) in our first five wave impulsive sequence and within that sequence we are now rallying in wave (iii), which has an initial target of:

 

(iii) = 1.618(i) = 1.910%. 

 

After wave (iii) ends we expect a wave (iv) correction that retraces between 23.6 to 38.2% of the entire wave (iii) rally.

 

It appears that much higher inflation is now coming.      

                                                                                                                                                                                       

Trading Recommendation: Flat.

                                                                                                                    

Active Positions: Flat!

 

S&P500: 

 

Daily SP500 Chart:  

https://captainewave.com/wp-content/uploads/2021/06/ewjun121spd.png

 

120 Minute SP500 Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun121sp120.png

 

Short Term Update:

                                                             

The SP500 moved higher in Friday’s trading session reaching ahigh of 4218.36. In the overnight session the SP500 Futures are up by about 22 points!

 

All of wave -v- of (iii) is now complete at 4236.39 high. We are now falling in wave (iv), which has the following retracement levels:

 

23.6% = 3889.53;

38.2% = 3674.95.

 

The expected drop in wave (iv) should be between 300 and 550 points.

 

It is still to early to determine which type of corrective pattern wave (iv) is going to develop into.

                                                                                                                                                                                                                                       

Trading Recommendation: Short with calls as stops.

                                                                                   

Active Positions: Short with calls as stops!

 

USDX:

 

https://captainewave.com/wp-content/uploads/2021/06/ewjun121usd.png

 

Short Term Update:

 

The USDX was initially higher in Friday’s day reaching a high of 90.43. In the overnight session as we have moved lower reaching a low of 89.73.

 

We continue to fall in wave -v- and are starting to get close to our minimum target for its completion at the 89.17 low.

 

Projections for the end of wave -v- are:

 

-v- = 89.17;

-v- = 1.618-i- = 84.38;

-v- = 0.618(length of wave -iii-) = 0.618(100.97-89.17) = 86.18;

-v- = 1.618(length of wave -iii-) = 1.618(100.97-89.17) = 74.38.  

 

The continuing drop in the USDX should support our rallies in gold, silver and the GDX.                           

                                                                                                        

Trading Recommendation: Flat.

 

Active Positions: Flat! 

 

Crude Oil and Suncor:

 

Daily Crude Chart:

https://captainewave.com/wp-content/uploads/2021/06/ewjun121oil.png  

Short Term Update:

 

Crude was higher in Friday’s day session and that trend higher has continued in the overnight session as we have reached a high of 68.45!

 

Longer term we continue to rally sharply higher in wave (iii), which the following longer term projected endpoint:

 

(iii) = 1.618(i) = 93.96.  

                                                                                                                                              

Wave $i$ of (iii) is now complete at the 67.98 high and we are now falling in wave $ii$ which has the following retracement levels:

 

50% = 50.81;

61.8% = 46.76.

 

Within wave $ii$, we believe that all of wave ^a^ ended at 57.25, as we continue to rally higher in an incomplete wave ^b^. After wave ^b^ ends we expect another drop in wave ^c^ to complete all of wave $ii$.

 

This current weakness is also testing the major breakout of our 12 year downtrend line that started at the 147.00 high back in 2009. We expect we will break through this downtrend line decisively to move sharply higher after wave $ii$ ends.

 

Suncor: We continue to rally in wave iii which has the following initial projected endpoint:

 

iii = 1.618i = 30.28.

 

Within wave iii it now looks like wave -i- ended at 19.94 and wave -ii- at the 16.29 low.

 

We continue to rally higher in wave -iii-, which has a projected endpoint of:

 

-iii- = 1.618-i- = 31.29.

 

Trading Recommendation: Long crude with a put as a stop. Long Suncor.

 

Active Positions: Long crude with put as a stop! Long Suncor!                         

  

Thanks!

Captain & Crew