WPM = Target Price $77
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With Gold already having broken out to new highs, it's just a matter of time before the miners and streamers do the same. Believe that we are beginning a third wave of an impulsive move higher. Should Wave 3 play out to 1.618 of wave 1, we get a measurement of $77. That coincidentally is also a target price based on a reverse head and shoulders formation. Some have also assigned Cup and Handle formations to the Gold pattern. WPM exhibits the same formation.
One can be loading up here or wait until the breakout. Gold stocks have a long way to go to catch up to gold so once the breakout occurs, it's likely that the upthrust will be quick and dramatic.
One can be loading up here or wait until the breakout. Gold stocks have a long way to go to catch up to gold so once the breakout occurs, it's likely that the upthrust will be quick and dramatic.
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