Tag: XAU Index

03-01-23 – Gold & Silver have corrected after Silver peaked in early-Jan ‘23, while fulfilling weekly & monthly cycles, and Gold stretched its rally into early-Feb ’23. Silver’s Jan ‘23 peak fulfilled its multi-month upside target (24.50 – 24.68/SIH) and set the stage for a 1 – 2 month correction. That has had Silver spiking down into a ~6-month/24 – 26-week high-high-low (Aug 29 – […]

Outlook 2023 – Inflation/Interest Rate Peaks 02-27-23 – The driving force behind much of the market action in 2022 (and early-2023) has been the focus on inflation and rising interest rates.  As is often the case at this stage of an inflation cycle, good news becomes bad news and bad news becomes good news. In other words, any report that shows continued economic […]

02-25-23 – Gold & Silver are declining with Gold removing any realistic potential for a retest of its high before a deeper correction (which is currently unfolding).  Silver remains in intra-year and weekly downtrends, reinforcing its early-Jan ’23 cyclic peak. Silver has been correcting since surging into cycle highs on Jan 3 – 6 and reaching its multi-month upside target (24.50 – 24.68/SIH).  That culminated […]

02-22-23 – Interest rates – and/or interest rate expectations – have been the driving force for substantial market action over the past 6 – 12 months.  In many respects, the current environment has become a classic ‘good news is bad news’ scenario in which any good economic news has the detrimental side effect of raising the anxiety level related to future interest rate hikes… bad news. […]