Wave (iv) is going to become more complex than just a simple 3-wave corrective pattern, as it looks like we only completed wave -a- at the 4099.60 low.
Is the bull run in gold stocks over? No, but it’s hit the pause button. There are certainly bearish signals. The Gold Miners Bullish Percent Index falling to zero lines up with meaningful pullbacks in both GDX and GDXJ — the gold miners’ ETFs.
Major producers like Newmont are trading at record-low P/E multiples despite generating record-high profits.
Within wave -b-, we likely completed wave *a* at 4889.70 and most or all of wave *b* at 4311.40. After wave *b* ends we expect another rally higher in wave *c* to complete all of wave -b-.
At Mineral Mountain, gold occurs as epithermal, disseminated, and primarily sediment-hosted mineralization. The Tertiary Claron Formation constitutes the principal host rock for disseminated gold on...
Phelps Dodge drilling (1988-89) yielded the best historical interval in PTR-106: 1.88 g/t gold over 12.19m from surface, including 3.41 g/t gold over 4.57m from 6.10m.
