The Dow:gold ratio completed the 1-2-3 reversal today and is now headed back down.
There seems to be little doubt left that gold's C wave advance is now underway. The last two C waves both lasted over a year. I don't see why this one should be any different.
Granted this isn't going to go up in a straight line (we aren't to that stage yet). Gold will have multiple daily cycle lows and at least one maybe two weekly cycle lows during this wave. However the general direction will be up and the only safe way to trade a C wave is from the long side.
Actually the only safe way to trade a C wave is not to trade. We are still very early in the rally. The safest option is to just take a position and let the bull do what bulls do.
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