Wave B (red) of 1 (blue) equals 1.618 of wave A (red). Wave C of 4 (blue) equals 1.618 of wave C of 2 (blue). Wave 1 through beggining to high of wave B equals 0.382 of wave 3 extended (blue). So now, I think 5th wave, then correction. I think correction will be reflected in decline in major stocks, after dji, ndx, spx will complete 5th wave, but still right now...
Euro regarding USD is going to parity and lower with the next wave of deflationary collapse of everything. Euro will be a strong regarding other currencies, but to dollar it is the same as oil. Euro simply is a good version of oil, but today on market: stocks, gold, silver, bitcoin, any type of assets and currencies regarding to USD are "Oil". Only USD will raise...
Silver in comparison with gold still has it's final word, even if gold will go up, it will not compare with silvers future gains. The structure of silver's pattern since 2011 permits for such a breakout. This will probably be last chance to make significant profit from gold and silver before final consolidation. Also the wave B in depicted ABC structure might last...
Gold will complete correction approx. till 1450. Correction can appear as 5-3-5 structure with future breakout till 1600, or as a 5 wave downturn impulse, which means ABC is only second wave and gold will complete it's final consolidation till 750-1100 which started in 2011 and entails 5-3-5 structure. And only then you can buy.
Gold will complete its 5th wave. Maybe I am wrong with correction, but anyways it will go up, because FED is going to cut 25bps, so it makes pretty good sense
Silver will complete 3rd wave , completing it's last 5th wave, then after correction there will be another impulse , probably, up to 17.5-19$