Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (31060)	9/26/2011 11:01:55 PM
From: Wade	Read Replies (3) \| Respond to of 48092

<It looks like we can rule out the X-WAVE correction based on the rally of POG/POS and breakout from $64.> That was a pre-mature call and a mistake for not following through the wave counts. The first part of the 6-month correction was from early Dec of 2010 to the mid-June of 2011. Then, the X-wave was from Mid-June to early September. It seems the correct count is that GDX began a new abc type sideways consolidation from ~$65, after the X-wave correction. Therefore, the 2nd of the correction could be 6-months as well, which would be in around March and April 2012. But, the steep drop and sharp reversal could shorten the time frame significantly. We shall see. What a mess we are in any way...