Roger Wrote

Douglas Gale Douglas Gale

Douglas Gale

Stock Market Data & Capital Markets Advisory

发布日期: 2020年8月5日
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Market Comments:

Ex-EF HUTTON BROKER SPEAKS HIS MIND TODAY

 1)TRADERS LUNCH----this Friday, 11:30, at NY pizza and pasta at indian

trail, nc----then to coffee shop with computers to cuss and discuss



 2)Elliott wave teaches that the fifth wave in commodities is the biggest. I

measured the distance from the March low to the June high for many miners and

gold and silver metals. That same march to june distance would be added to the

june/july low to get a target price. PS---in an extreme move the current surge

could go 1.618 times the march/june distance. HOWEVER-----a few have met the

same distance as march/june and I am selling. -----Gold and silver metals have

both met the march/june same size number. And today silver is 1/2 the distance

between equal and 1.618. ---------------IMO, in theory, metals should be

within maybe 10 percent of their top. Most mining stocks also.



 3)Remember, IMO this would only be wave one of a five wave multi year move.

IF elliott is correct there is a sell down coming or a SIDEWAYS trading

pattern. Prices are stretched too far above 200 day averages.



 4)Folks likely think I only research gold/silver. Not so-------Have stock

positions in bitcoin, weed(marijuana) and even a high tech.



 5)My biggest position is GORO-----they just raised the dividend to one cent

per share per month.



 6)$natgas has surged a lot in the last couple of days. "IF" you know what is

going please reply and tell me.

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