Stocks Reversing Lower, Focus on June 17/18th for Next Pivotal Low.

05/18/24 – “Stock indexes have rallied beyond expectations but most are still tracing out what appears to be ‘b’ wave advances (prior to ‘c’ wave declines into June 17 – 28th).  They are providing the usual divergence with weaker indexes peaking at lower highs while fulfilling intra-month uptrends… Stock Indices remain in the second stage (a multi-week reactive rally from the April […]

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Gold/Silver, XAU/HUI Fulfilling Surges into May 17/20th.

05-15-24 – Gold & Silver have rallied after retracing to, and holding, downside targets at ~2300/GCM & ~26.50/SIN without turning their new intra-month trends down.  They both subsequently turned their intra-month trends up, projecting intra-month rallies into May 15 – 17th. Silver is confirming projections that May 2, 2024 ushered in a decisive period when a new multi-week… surge would take hold and fulfill the ‘ideal’ price, wave, […]

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Gold Weekly Trend Projects Retest of High in July ’24!

06-15-24 – Gold & Silver fulfilled analysis for a second drop into this past week and now enter a decisive period … Gold & Silver retreated after surging into May 20th and setting multi-week highs.  At the time, Gold set new all-time highs (fulfilling its weekly trend) as Silver spiked to new multi-year highs and right to its initial upside target at 31.50 – 32.20/SIN. They […]

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Stocks Retest Highs, Prepare for Late-May Sell-off; Mid-June = Ideal Time for Bottom.

05/15/24 – “Stock Indices remain in the second stage (a multi-week reactive rally from the April 19th lows) of what is expected to be a 2 – 3 month correction after fulfilling multi-year upside price targets & cycles in all six indexes in 1Q 2024.  In Elliott terms, they are in a likely ‘b’ wave bounce – sandwiched between an initial ‘a’ wave […]

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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 […]

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Stock Divergence Widening; Late-May (NQ) & Mid-June (DJTA) Cycle Lows in Focus.

05/11/24 – “Stock Indices remain divergent with their weekly trends projecting slightly different outcomes.  In both cases, the indexes are still perceived to be in (or just completing) a ‘b’ wave bounce – between an initial ‘a’ wave decline and an expected (potentially sharper) ‘c’ wave decline. The April 19th lows – and coinciding weekly HLS and weekly trend indicators – projected a multi-week reactive […]

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Gold/Silver Project New Surges into Mid-May; XAU & HUI Poised for Quick Spike High.

05-08-24 – 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 while Gold needs a daily close above 2340/GCM to do the same and to project a new round of upside into (at least) mid-May ’24. Silver is at a decisive juncture and is starting to reinforce the […]

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Stocks Focused on Mid-June ’24 Cycle Lows. NQ-100 Bottom Likely in Late-May ’24.

05/08/24 – “Over the past 5 – 7 years, a recurring topic of discussion is the ‘Energy/Equity Connection’ – the loose correlation between moves in the energy sector and similar moves in the equity markets. As explained in the 2018 excerpts on page 2, this is NOT a precise link and usually has levels/periods of divergence – when one has already completed a move […]

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Silver Validating ‘Ideal’ Scenario for May/June 2024; Projects Strong Surge!

05-06-24 – Gold & Silver have corrected and consolidated after surging to primary & secondary upside price targets in the first half of April, fulfilling overriding wave timing targets and intermediate cycles as well. Both metals reached and held initial downside targets at ~2300/GCM & ~26.50/SIN without turning their new intra-month trends down.  Silver has turned its new intra-month trend up while Gold needs a […]

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