Interest Rates May Dip, Sparking Potential Gold Market Rally
The Captain's wave count analysis suggests that interest rates may dip in the medium term, potentially sparking a significant gold market rally. The current wave i is still underway, with a completed wave (i) at 1.266% and an ongoing wave (iv) bullish triangle that could be expanding and extending.
In silver, Wave iii ended at the 121.65 high, and the price has been falling in a multi-month wave iv correction. The Captain's analysis suggests that all of wave iv may now be complete at the 54.77 low, which would indicate a rally higher in wave v of 3.
The long-term count for silver shows that Wave III was completed at 49.00 in 1980 and Wave IV at 3.55 in 1993. The current position is working on Wave V, with the following projections: 1 = 49.56, 2 = 11.64, and 3 projection updated to 132.09.