Gold/Silver/XAU Poised for New Surges into March 7 – 14; Higher Highs in Store!
03/02/22 Weekly Re-Lay Alert – “Gold & Silver are consolidating near their highs after fulfilling the ongoing 3 – 4 month outlook for an overall rally into Feb 21 – 25 and to at least 1920/GC & 25.50/SI. There remains a strong chance that this is just part of a larger-magnitude advance into Aug/Sept ’22.
Silver is beginning to show new strength and has a 10-week high-high-high-(high) Cycle Progression that comes back into play on March 28 – April 1 – the ‘ideal’ time for the next peak.
In the interim, Gold & Silver have remained below their Feb 24 spike highs for almost a week but have not shown any signs of reversing lower. As a result, they could see rallies to new highs at any time.
Silver’s weekly 21 MAC structure is turning more bullish and could spur an accelerated advance (even surging as high as 29.00 – 29.50/SIK), particularly if/when Silver gives a weekly close above 25.70/SIK.
The XAU & HUI are building up steam in advances that took hold after longer-term cycles bottomed in late-Sept ’21. Secondary lows were set in mid-Dec. and projected rallies into late-Feb/early-Mar ’22.
If they can extend a high into March 4/7, the HUI and/ or XAU would complete successive advances** of equal duration (the rally since Jan 28 compared to the preceding Dec/Jan rally) while also fulfilling a 41-week high-high-(high) Cycle Progression, an 11-week low-low-(high) Cycle Progression, a 22-week advance (2xs the prior 11-week advance) and a 5 – 6 week low-low-low-low-high-(high) Cycle Progression.
**Since they would need to exceed those advances to show true strength, this rally could last longer.
Like Silver (and also Gold), these indexes are in a position where they could see an accelerated advance in the coming days/weeks, so the overall context is also important and could stretch these advances a little beyond the impending cycle high. The HUI could easily surge to 320 – 330 with the XAU capable of reaching 157 – 162/XAU.
On balance, these indexes and mining shares could move progressively higher into Aug/Sept ‘22.
Platinum & Palladium remain strong but have consolidated after fulfilling near-term expectations for an additional spike high and a test of decisive upside targets at ~1140/PLJ & 2550 – 2600/PAH.
Platinum pulled back to its rising weekly 21 High MAC – a pivotal level of support – and is showing bullish signs similar to Silver. If it can close this week (March 4) above 1050.0/PLJ, Platinum could also see an accelerated advance.
Palladium is powerfully validating analysis for a 6 – 12-month bottom in Dec ’21, when it completed successive declines of equal magnitude (~1,400/PA drops in Feb/Mar ’20 and in May – Dec ’21) while again holding its previous (Mar ’19) high near 1600/PA – a key level of resistance turned into support.
That level was both the primary downside objective for that correction AND the support from which a new advance should take hold – rallying back to (at least) that previous peak near 3000.0/PA.
On a 1 – 2 year basis, the next multi-quarter peak is most likely in 3Q ’22 – the fulfillment of a ~15-month high-high-(high) Cycle Progression. That dovetails with cycle analysis in most other metals & mining shares.”
Gold & Silver are fulfilling ongoing projections for major surges in 2022 – creating a series of ascending highs that could stretch into Aug/Sept ’22. Platinum, Palladium & Gold/Silver action portend an imminent new and accelerated surge into pivotal timing targets on March 7 – 14.
Silver cycles are arguing for a pivotal peak in March ’22 – the latest phase of its ~6-month Cycle Progression! XAU & HUI cycles concur and project additional surges in early-March ’22. Platinum & Palladium are reinforcing projected multi-month advances after 6 – 12 month bottoms were signaled in Dec ’21; Copper is fulfilling multi-year upside objectives and could peak in March ’22.
How Have Precious Metals Cycles Validated War Cycles Forecast for Late-2021 – 2025?
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How High Could (Imminent) March ’22 Surge Take Metals?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.