Metals Rally Before Next Bout Of Weakness

Due to my travels, I do not have a lot of time for this update.  So, I am going to keep it simple.

GLD seems to be rallying I the [c] wave of an expanded b-wave flat.  Within the [c] wave, we seem to still need a 4-5 to complete it.   But, should we see a 5-wave decline begin from this point forth, then we can view that as wave 1 of the c-wave down, and the wave 2 bounce could be a good shorting opportunity.

Silver is still trying to get to its target blue box to complete 5 waves up.  Thereafter, I would still expect a corrective wave [2] pullback, which would be a good buying opportunity.

GDX is likely in the same expanded b-wave flat as seen in GLD.  So, the same parameters apply to GDX as noted above regarding GLD.  The target for the c-wave down in GDX is the 39-42 region.