Gold/Silver, XAU/HUI Poised to Set Multi-Week Highs; Watch May 20th.
05-18-24 – Gold & Silver have surged after retracing to, and holding, downside targets at ~2300/GCM & ~26.50/ SIN – setting the stage for a new intermediate rally.
Silver is confirming projections that May 2, 2024 ushered in a decisive period when a new multi-week (and likely ~2-month) surge would take hold and fulfill the ‘ideal’ price, wave, and cycle scenario – projecting the next peak (one that could be more significant than existing ones) – to arrive in [reserved for subscribers]…
On a near-term basis, Gold & Silver were projected to see a rally into May 17 – 24th (greatest synergy of cycles is May 17, 20 & 21st) – the latest phase of daily cycles that helped pinpoint the mid-April ’24 highs. A blow-off spike high could be seen in the first part of the coming week (and lead to a pullback into late-May).
Silver’s initial upside target is at 31.50 – 32.20/SIN and was just tested on May 17th, reinforcing the potential that a multi-week peak is close at hand (in time)…. Gold remains on track for a retest of its April ’24 high…
Gold & Silver are surging after pulling back and holding decisive support in early-May – ushering in a new bullish period. They were projected to extend these advances into May 17/20th…
Silver surged to (and held) its daily LHR on May 17th. That portends a 1 – 2 week high in the ensuing 1 – 3 days, often occurring at a daily HHR…
The XAU & HUI have resumed their advances after consolidating for ~3 weeks during which the XAU dropped right to support (~130.50/XAU) and held, without turning its daily trend down. That was projected to spur a rally to at least ~148.00/XAU and possibly as high as ~156.50/XAU by/on May 20…
1 – 3 month traders & investors could have entered long positions in related instruments (ETFs, stocks, etc.) when the XAU was at 102.60 – 106.00 in late-February ‘24 – when the buy signal was published – and exited 1/3 when 134.00/XAU and another 1/3 when 138.00/XAU was hit.
Exit the remaining 1/3 on a daily close below 141.60/XAU (or a test of 156.40/XAU). TRADING INVOLVES SUBSTANTIAL RISK!
Gold & Silver fulfilled their early-May buy signals, surging right to upside price targets and into intermediate cycle highs on May 17/20th. A multi-week top is expected at this time and could spur a sizeable sell-off.
The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for 2024! Gold is acting as the ‘Canary in the Coal Mine’ and has fulfilled projections to break out to the upside. However, an ongoing battle with the Dollar Index should intensify volatility in preparation for the biggest surprises in 2025.
Gold & Silver Fulfill New Signals & Projected Surges into May 17/20th.
Silver Showing Relative Strength.
40-Year Cycle (Projected) Impact on 2024/2025 Powerfully Reinforced.
40-Year Cycle – Dollar Dominion Dilemma & Demise
40-Year Cycle – Currency Wars & Cryptos
Solar, Seismic & Gold Intensity Cycles
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.