[USLV] update [HUI]

In the backlink I offered the model below:


Based on the chart action since then, I'm modifying the count per below.  In short, the expanding wedge model could still be in effect but if my green count is correct then I count 5 waves down, not 3 as should have been the case for an expanding wedge.  So the recent bottom would either be red 5 OR 1 of red 5.  If only 1 of red 5 then Avi's model will very, very likely play out as GLD hits $95-105 and HUI hits $119 or lower.  After that, feggedaboutit, buy the metals and miners and hold on tight because there would be a very high likelihood that Avi's decade long wave 3 up would be in play.  In other words, the world just accepts that all paper money is a crappy store of wealth.  Expect toothpaste, bread, gas, etc. to go up as well.  It's not that gold becomes worth more in this scenario.  Its just that the dollar is viewed as being worth less.

In any case, strong odds in both the bull (red) and bear (blue) cases below suggest a nice move up into at least the $18.80-$19 level over the next few days.  There is a case where it could spike down to $15.30 first but that would be a buy signal according to my count.  Time will tell but the expected percentage move here could be quite nice so it is worth taking some risk for IMO.

Speaking of HUI, the backlink was looking for a test of the broken H+S neckline from below.  That has not happened yet but might be in progress right now.  If HUI kisses that neckline but cannot break out, run away from M+M until 5 waves count down and then pile in heavy.