Is That All We Get?

Silver is currently attempting to complete a (c) wave down.  And, of course, the question is going to be if this is all we get?

So far, we have come up a bit short of the .236 minimum target we set for this pullback.  Moreover, we clearly are well shy of the multi-week correction that the 2010-2011 fractal suggested we could see.  But, at the same time, the MACD has now moved down into the reset posture, which can now support a larger degree rally.

Moving over to gold we also seem to be completing an a-b-c flat, which may be all of the alt iv.  

Yet, GDX really is well short of even an *a)=(c).  

So, of course, the question is how do we approach this?

I will personally begin scaling into a long position in silver, with the expectation that this may be only an a-wave of a bigger wave (4), as I am showing on the chart. That means I intend on looking for a second buying opportunity after another b-c take shape.   And, I am viewing GDX in a similar way. Lastly, gold can begin its alt v rally after we see a bit lower this morning.

Should this be all we get in silver, I want to have at least have one position in place, and my target would be at least the 60 region.  But, I suspect I may get another opportunity to add after another b-c is seen.