first majestic silver

Gold, USD, & Rates: Key Wave Counts

September 16, 2024

USD:

Analysis:

We continue to work on a very large wave B bearish triangle and within that triangle all of wave ^c^ ended at the 114.75 high. We are falling in wave ^d^.

Within wave ^d^, we have now adopted our alternate count, which suggests that wave a ended at 100.68 and wave b at 107.05.

We should now be falling in a subdividing wave c.

Within wave c, we completed wave -i- at 100.31 and wave -ii- at 106.38 and we are now falling in wave -iii-, which has an initial projected endpoint of:

-iii- = 1.618-i- = 95.37.

Our current projection for the of wave c of ^d^ is:

C = 1.618a = 84.28.

This bearish USD count is incredibly supportive of our bullish gold/GDX/gold stock and silver counts! 

Active Positions: Short, risking to 107.10!            

Interest Rates: 

Analysis:

Within a multi-year wave C, we have been rallying in wave i, which was completed at the 5.201% high.    

We are now working on the assumption that all of wave -ii- is now complete at the 4.737% high and if that is the case we are now falling in wave -iii-, which has an initial projected endpoint of:

-iii- = 1.618-i- = 2.776%!

Our alternate count is suggesting that wave ii could be much further advanced with all of wave (a) ending at 3.785% and all of wave (b) at 4.375%. If this case, we are now falling in wave (c) which the following projected endpoints:

(c) = (a) = 3.525%.

(c) = 1.618(a) = 2.775%.

On our Long-Term Monthly Chart all of wave A ended at the 15.83 high in 1981 and since that high was made, we have fallen in a triple 3 wave correction within wave B that ended at the 0.38% level.

While the intermediate term trend is for lower rates, in the big wave counts picture we are in a multi-year wave C rally… a rally that will eventually see rates reach at least the 15.83% high again!

Active Positions: Short, risking to 5.050%!       

Special Subscription Offer:  At $99/mth the Captain Ewave newsletter value is superb, and we have a special offer this week of just $199 for a three-month subscription.  Investors get six updates a week from the Captain!  Send us an email at [email protected] or click this link and we’ll get you on board.  Thank-you!           

Gold:

Our very large wave .iv. bullish triangle pattern is complete at the 1810.10 low, and we continue to thrust higher in wave .v. of -iii-.

Within wave .v., wave *i* ended at the 1997.20 high and all of wave *ii* ended at the 1929.50 low. We are now rallying in wave *iii*, which has aa final projected endpoint of:

*iii* = 6.250​*i* = 3042.30!

Within wave *iii*, wave ^i^ ended 2151.00, and wave ^ii^ at 1923.50. We are now rallying in wave ^iii^, which could he heading to our next projected endpoint of:

^iii^ = 4.236^i^ = 2936.80!

We expect higher prices in gold next week.

Active Positions: Long, with puts as stops!               

Free Offer For Gold-Eagle Readers:  Please send me an Email to [email protected] and I’ll send you our free “GDX & CDNX: The Bullish Counts!” wave counts report.  Bullish charts and wave count analysis for both GDX and the CDNX juniors index are included in this key report!                 

Thank-you!

Captain Ewave & Crew

Email: [email protected]

Website: www.captainewave.com

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