2 Out of 3 Over Pivot

The Passover holiday just ended, so I wanted to get a quick note out regarding the metals.  

Both GDX and silver are now over their respective pivots.  Yet, GLD/GC still are a bit of an issue and can still support one more pullback before the heart of a 3^rd wave is confirmed.

So, if you are choosing to take more aggressive longs over the pivot in silver and GDX before GC/GLD confirms, you can set tight stops at just below the pivot.   At this point in time, if we are indeed in the heart of a 3^rd wave, we should not see levels below the pivot.

Overall, the bigger picture remains the same, with the targets for the next several months noted on the various charts.