jan 29 captain’s note

Captain's Note

I'm travelling today, but watching the Ewaves closely:

Gold was sharply lower in the overnight session, dropping to 1264.40, and well below our assumed wave ^iv^ low of 1273.30. In the day session it dropped even more sharply...

The depth of this correction is suggesting to us that this may not be a wave ^iv^, but wave *ii* in an extending wave ^iii^. This would actually be a very bullish development.

st comments:  I think India is going to cut the import duties; I think finance minister Jaitley has been told he'll be fired if he doesn't cut them, and I think the banksters know this, and are covering massive numbers of short positions, and piling on longs, and this is the fundamental driver of the "impossibly" growing bullishness of the Captain's wave counts. Now back to the Captain:

As of 4pm, here's the bull counts for gold are still on. Most, if not all of wave *ii* is likely over with a retracement of about 61.8{6662cb326f536db879050e93fbe8de36d93608a2a48b01f600643f4328fc39a1} of the wave *i* rally.


Captain Out!

Sent from my iPhone


EMAIL:  admin@captainewave.com