Gold & Silver Reinforce New Strength

Gold & Silver Reinforce New Strength;
Projected Surge into Feb. 2018 Underway!
XAU Focused on Synergistic Targets.

12/27/17 Weekly Re-Lay Alert – XAU Leading ‘Shift’; Is Larger Advance Likely?:

“A small shift took place in the ‘currency’ arena, as 2017’s ‘anti-Dollar’ leader (Bitcoin) took a breather while Gold & Silver showed signs of coming back to life.  The patient veteran waited until the over-active rookie exhausted itself – and then stepped into the void.

The big question is whether this is a temporary anomaly – relative to what transpired during most of 2017 – or another transition in the making…

Gold & Silver have rallied after dropping into the first half of Dec. – the same time that Gold bottomed in 2015 & 2016, perpetuating an annual/360-degree cycle.

That potential was/is reinforced by diverse indicators – including the weekly trend patterns & the weekly HLS – and was corroborated as Gold bottomed just above year-opening support.  Both metals turned their daily trends up, giving the first sign of an intermediate bottom.

Weekly closes above 1281.0/GCG & 16.470/SIH would elevate this rally to the next higher degree.  The monthly closes are also shaping up with some intriguing potential…

If Gold can give a monthly close above 1276.7/GCG & Silver give a monthly close above 16.790/SIH, they would generate monthly 2 Close Reversals higher.

On an intermediate basis, Gold has the next phase of an ongoing 18 – 21 week cycle – that could produce a multi-week peak – coming into play between mid-Jan. & early-Feb.

If an advance in Gold stretches into the final week of that cycle (early-Feb; consistent with monthly cycles previously discussed in INSIIDE Track), it would also complete a 29-week low-low-(high) Cycle Progression & a 14-week drop/7-week advance (50%) sequence, as well.

On an intermediate basis, Silver could also still set an important high in Feb. 2018.

Since its bottom in Dec. ’15, Silver has had 5 significant advances – each lasting ~2 months (Dec. ’15 – Feb. ’16, Mar. – May ’16, May – Jly. ’16, Dec. ’16 – Feb. ’17 & Jly. – Sept. ’17).  A similar, ~2-month advance would take Silver higher into Feb. ’18 – when other monthly cycles converge.

Based on wave comparisons & its recurring 2.50 point range, Silver could make it back up to ~18.50/SI.

A peak in Feb. 2018 would also complete successive ~7-month advances (Dec. ’15 – July ’16 & July ’17 – Feb. ’18) AND a ~9.5 month high (July ’16) – high (mid-April ’17) – high (Feb. 2018) Cycle Progression.  A .618 rebound in time (12 months down/7 months up) would also peak in Feb. ’18

The XAU has continued to surge since fulfilling its 2 – 3 month outlook & 6 – 12 month outlook by dropping to new multi-month lows in Dec. 2017.  That recent low perpetuates an 11 – 12 month low-low-low Cycle Progression and was set while the XAU was testing & holding extreme support at 75.77/XAU.

It also fulfilled a 21 – 22 week high-low-(low) Cycle Progression originating from the early-Feb. intra-year peak and projecting a bottom in the first half of Dec.

Throughout 2017, the XAU has traded in a wide trading range – creating a type of ‘a-b-c’ decline from the early-Feb. high (Feb. ’17 high – July ’17 low – Sept. ’17 high – Dec. ’17 low), in which the ‘c’ wave decline nearly matched the magnitude of the preceding ‘a’ wave decline.

While that ~10-month corrective wave was unfolding, the XAU showed some developing resilience that needed to wait until negative cycles had played out.  Each decline (bottoming in mid-March, May, July & Dec.) produced a retest of support (& brief spike low it) with very little downside follow-through.

As soon as weekly & monthly cycles matured, in early-Dec., that took the pressure off Gold stocks and allowed them to initially validate those signs of a slowly developing (secondary) bottom – quickly triggering a multi-week buy signal on Dec. 11/12…

Intermediate (2 – 4 week & 1 – 3 month) traders could have entered Gold stocks or related instruments two weeks ago and can now [reserved for subscribers].”  TRADING INVOLVES SUBSTANTIAL RISK!…

Gold, Silver & the XAU are poised to confirm the Dec. 11/12 buy signal & spur a sharp advance into Feb. 2018.  Bitcoin is consolidating, allowing Gold to mount a sizeable rally.  Watch Bitcoin cycles surrounding mid-Jan. 2018.

See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.