The problem is that Wave 4 is very short, time wise, in relation to Wave 2. Otherwise its a clear Long for a move into the high $3,000's over the next several months. We have the luxury of a huge move for Wave 5, so if we are a tad late, say Long only on a move above $2,900, it will not affect gains in a meaningful way. Standing-by for GLD calls. Gold Futures GLD Same structural problem with GLD, i.e., Wave 4 needs to be longer in time, if not retracement. Still, a move above 260 would demand the purchase of calls for a move later this year to GLD 300. Only if I'm wrong and Gold has already started it's Wave 5 Up:
