GLD waves are why RN Elliott predicted a 71+ bulll run in 1941, GLD will in fact go higher but like a long distance runner price has to rest and that's what the wave 4 pull back is all about, than we march higher in wave 5
GLD Save your Waves for surfing. This is going higher, much higher. Inflation while Fed lowers rates while growth is slowing equals stagflation. Toss in Venzuela, Russia, China and you will have $5k in no time flat.
GLD I'm just going to wait for a pullback anywhere down below 320, it broke through and I'm not going to gamble on gold retracements when it's basically guaranteed to reach 4000 anywhere in orange man's term