Professor’s Comments June 17, 2019

Posted by OMS  at June 17th, 2019

Gold appears to be starting a small corrective wave 2 pullback this morning. If I’m right about the pullback it should be minor wave 2 within either Wave 1 up or Major Wave 3 up. The actual wave count doesn’t matter. What matters is that the pullback should give students an excellent opportunity to buy or add to their positions in gold and mining stocks.

With gold trading at 1345, I don’t expect the pullback to be much, maybe down to 1325 to 1330 level. If this happen, the Model might add a few more shares to a portfolio that is already over weighted in gold.

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