Gold/Silver/Mining Shares Project Rally into April 18/19 II.
04/06/22 Weekly Re-Lay Alert – “Gold & Silver have consolidated after surging into March 7 – 11, when a multi-week peak was expected, and then correcting sharply in the week that followed.
With its early-March peak, Gold fulfilled an 11 – 12 week high-low-low-high Cycle Sequence, a 6-week low-low-(high) Cycle Progression and a ~3-week low-low-low-low-(high) Cycle Progression as Silver completed successive advances of equal duration (5 weeks each; Dec 15 – Jan 20 & Feb 3 – Mar 8).
That was/is expected to lead to a subsequent peak around April 18/19 (the Date of Aggression and the culmination of the first ‘month’ of the new Natural Year) – the next phase of the 41 – 42 day low-low-high-(high) Cycle Progression that helped pinpoint the March 8 high in Gold.
It would now take daily closes above 1948.9/GCM & 25.11/SIK to turn the intra-month trends up and validate that intra-month scenario.
From a price perspective, Gold would ideally exceed 1960/GCM this week and then [reserved for subscribers]…
The XAU & HUI remain relatively stronger and on track for an overall advance into April 18 – 25. They both pulled back into mid-week and tested weekly support while twice neutralizing their daily uptrends and preventing their intra-month trends from turning down.
As long as they do not generate daily closes below 156.32/XAU & 308.53/HUI, these indexes would remain on track for April rallies to [reserved for subscribers]”
Gold, Silver & XAU/HUI Indexes projecting new rallies into April 18/19 – when Gold cycles portend the next multi-week peak. Mining shares are relatively stronger than metals and could see bigger gains.
Copper fulfilled multi-year upside objectives and has initially peaked in March ’22. Platinum & Palladium are confirming their March ’22 peaks.
What Does Developing Divergence Between Metals & Mining Shares Portend?
How Will This Impact April 18/19 (Next) Cycle High… and What Follows?
How Could Solar & Seismic Cycles Impact Metals in 2022/2023??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.