Tag: Silver

09/28/22 Weekly Re-Lay Alert – “Gold & Silver are mixed with Silver (and other metals) remaining above the early-Sept lows while Gold continued to decline after failing to neutralize its daily downtrend or daily 21 MAC downtrend during recent rebounds.  In contrast, Silver initially surged and turned its daily trend up in mid-Sept. That led to a ‘b’ wave retracement that had Silver neutralizing that […]

09/24/22 Weekly Re-Lay – “Gold & Silver continue diverging with Silver still capable of seeing another, larger rally in the weeks to come… Gold & Silver are expanding their recent divergence with Silver pulling back but remaining above short-term support near 18.70/SIZ – as Gold drops to new lows and gives a weekly close below 1 – 2 year support near 1680.0/GCZ. That action in Gold, which would be confirmed […]

09/21/22 Weekly Re-Lay Alert – “Gold & Silver are expanding their recent divergence with Silver pulling back to a ‘b’ wave low – and holding short-term support near 18.70/SIZ – as Gold dropped to new lows… That was the first phase of a 21 MAC reversal pattern… It now needs a daily close above 20.00/SIZ to signal a breakout higher and spur an accelerated surge. That could easily reach ~22.50/SIZ – equaling […]

09/17/22 Weekly Re-Lay – “Gold & Silver are diverging with Silver still portending a September surge while Gold dropped to new lows… Gold & Silver are expanding their recent divergence with Silver pulling back to a ‘b’ wave low – and holding short-term support near 18.70/SIZ – as Gold dropped to new lows and retested 1 – 2 year support near 1680.0/GCZ.  Both remain in intra-year and […]

09/14/22 Weekly Re-Lay Alert – “Gold & Silver are slowly validating expectations for Sept ’22 while providing additional clues on what to expect in 4Q ’22… As described for several months, Sept ’22 would likely be the time when Silver began to overtake Gold – at least in respect to the magnitude of its gains.  Sept ’22 was/is also the most likely time for an accelerated 2 – 3 week rally… […]