Corrective Action Continues – But, A Rally May Still Be Seen

by Avi Gilburt
Gold Seek

I have said many times before that trying to track every twist and turn within corrective action is like trying to throw Jell-O for distance . . . you just won’t be able to get it all.

While impulsive structures under the Elliott Wave patterns are quite predictable, very often down to the penny, corrective action is quite variable, and nowhere near as predictable. Currently, we are likely within a corrective wave two off the lows in GLD and GDX, and the action is quite difficult.

But, the major issue I am now seeing is that silver is still showing signs that it may be setting up for lower lows.

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