Gold Miners Maintain Rally Parameters

As of now the gold miners, rising along with everybody else since the USD broke down (in other words, calm down, it’s all part of the ‘inflation trade’) have maintained the series of higher highs and higher lows. Would people who try to make sense of Elliott Waves tell us that a 5th wave up is in the offing?

There is a pretty decent upside objective if this higher low holds.

[edit] Reader Rich emails in… Subject: Smart Elliott Wave peeps “arent looking at a 5th wave here…..they are trying to determine if this will be a third of three…up.”

So there you have it… all I know is the higher low is a must.

gdx

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