Gold & Silver Fulfilling Feb. 19 – 22 Cycle Peak; Massive Convergence of Cycles Concurs. Sharp Sell-off Likely.
Gold & Silver Fulfilling Feb. 19 – 22 Cycle Peak; Massive Convergence of Cycles Concurs. Sharp Sell-off Likely.
02/20/19 INSIIDE Track: Gold & Silver 2019 – Cycle Crescendo?:
Cycle Fractals & Multiples
In early-2018, attention was again focused on an uncanny ~13-month cycle in Gold. It is actually a 12.5 – 13.5 month cycle that ranges from 55 to 59 weeks in duration. That discussion began on Jan. 31, 2018 – projecting focus forward to late-Feb./early-March 2019, when the next phase would recur.
The Feb. 2018 INSIIDE Track highlighted this cycle AND one of its ‘fractals’:
01-31-18 – “One of those is being validated as Gold fulfills the potential for a surge from early-Dec. into late-Jan. (cycle highs span mid-Jan – early-Feb.) and attacks its 1 – 2 month upside target at 1365.8/GCG & 1370.0/GCJ (the Sept. 2017 peak) – even as Silver has trouble exceeding its Oct. ‘17 high.
If Gold peaks between Jan. 22 – Feb. 2, it will perpetuate an 18 – 20 week low-high-high-(high) Cycle Progression as well as a 27 – 29 week high-low-low-low-low-(high) Cycle Progression AND a 55 – 59 week low-low-low-(high) Cycle Progression connecting lows in early-Nov. ’14, late-Nov./early-Dec. ’15, late-Dec. ’16 & projecting a high in mid-to-late-Jan. ’18.”
The next phase of that 27 – 29 week cycle was in mid-August – precisely when Gold bottomed at the midpoint of this latest 55 – 59 week high – high cycle. The ensuing phase (of both cycles) is now, between mid-Feb. and mid-March.
Since Gold’s bottom in mid-August, it has had one primary objective for the ensuing 6 months – an overall advance into that next phase of the 55 – 59 week Cycle Progression…
The Weaker Sister
It was not until mid-Nov. – the next phase of the 13 – 14 week cycle following Gold’s low in mid-Aug. – that Silver finally completed its downside objectives and signaled a similar bottom. That completed a myriad of cycles (a couple of which are illustrated on page 4) and set the stage for its own ~3-month advance.
Silver surged for the ensuing 7 weeks – into early-January – creating a 7-week low-high-(high) Cycle Progression targeting a future peak for Feb. 19 – 22, 2019. Like Gold, it also peaked at the midpoint of that cycle – in late-Jan. – increasing the synergy of cycles projecting an ensuing high on Feb. 19 – 22.”
Gold & Silver are validating multi-month, multi-week & multi-day cycles converging on Feb. 19 – 22 as they reach extreme upside price targets. Silver’s daily trend pattern and weekly extremes are creating a textbook setup for a divergent peak, showing this is as high as Silver should rally before a plunge back below 15.000/SI. Multiple factors, including the Dollar outlook, usher in a dangerous period between now and early-March.
How Sharp of a Sell-off is Expected?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.