Expect serious volatility in the metals complex in the next few days.
The chart shows with a red circle exactly where I made that post. Now you can see why I chose that particular time to post that sound bite as opposed to some other time. The big volatility began no more than 1 day later and it caused gold to plummet a staggering 8% in just a few short days. That is almost unheard of. And you know that the miners plummeted even more!
Well by now you can guess it was not simply a lucky call. The Elliott wave principle told me that this plunge was coming. Instead of giving the direction away free to non paying readers, I chose to simply call it volatility. But as you can see from the model I provided in advance to my paid subscribers, I knew that the odds were very high that this pullback was coming.
Not to put too fine a point on it but let me ask if you saw this coming or not. Unless you are an Elliottician, and a pretty good one at that, you likely did not see it coming. Additionally, JNUG was trading in the $17 range on Oct 3. Look at where I said it could go: $10. So far, JNUG touched $9.48 in that short amount of time.
What could you do if you had advance knowledge of the likely future such as this?
Folks, this is a skill, one learned over many, many year and with literally thousands of charts being analyzed in the process. I now read Elliott waves like Cypher was reading the matrix. It's not magic, it's the simple but time intensive process of exposing the pattern matching elements of the brain to something until it becomes second nature. If you have a spare decade or two to invest in it, you can do it too. For everyone else you can simply join my paid service and get many eye opening charts each day that will help you with the gambling process known as investing or trading. The subscribe button is right up there...
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