Gold/Silver, XAU/HUI Project Rallies into May 17/20th.

05-11-24 – Gold & Silver retraced to, and held, initial downside targets at ~2300/GCM & ~26.50/SIN without turning their new intra-month trends down.

Silver then turned its new intra-month trend up, as both metals rallied, while Gold needs a daily close above 2340/GCM to do the same and to project a new round of upside into (at least) May 17/20, ’24.

Silver is validating a decisive period and is starting to reinforce the ‘ideal’ price, wave, and cycle scenario – projecting [reserved for subscribers]…

In the coming weeks, Gold & Silver could see a rally into May 17 – 24th (greatest synergy of cycles is May 17, 20 & 21st) – the next phase of daily cycles that helped pinpoint the mid-April ’24 highs.

Gold Silver are rallying after testing and holding decisive support.  They have turned their intra-month trends up and are likely to extend these advances into May 17/20th

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.  It remains capable of seeing a rally to ~148.00/XAU (or higher) leading into mid-May.  A spike up to 150.50 – 152.00/XAU could be seen by/on May 20 – 24th.

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 of those positions when 134.00/XAU was hit.  Another 1/3 could have been exited when 138.00/XAU was hit.

Exit the remaining 1/3 on a daily close below 137.70/XAU (or a test of 150.30/XAU).  TRADING INVOLVES SUBSTANTIAL RISK!


 

Gold & Silver are fulfilling their early-May buy signals, surging toward upside price targets and into intermediate cycle highs on May 17/20th.  A multi-week top is expected around May 20th 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 Fulfilling 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.