Tag: XAU Index

06-22-24 – Gold & Silver have retreated after surging into May 20th and setting multi-week highs.  At the time, Gold set new all-time highs (fulfilling its weekly trend & reinforcing the attainment of its 3 – 6 month upside target) and created a new double top… as Silver spiked to new multi-year highs and right to a crucial upside target at 31.50 – 32.20/SIN. They entered […]

06-20-24 – Gold & Silver corrected into early-June 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 reached their initial downside objectives in early-June and even spiked a little lower but both metals have held […]

06-19-24 – A common question involves the disparity between price moves in a particular commodity (let’s say Gold) and related shares or stocks.  That disparity often expands when it is the comparison between that commodity and a related index of stocks (let’s say the XAU Index). The following principles and observations apply just as aptly to the price of oil & gas […]

06-12-24 – Gold & Silver have 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 remain in corrective modes with Gold capable of spiking down to 2275 – 2285/GCQ (possibly as low as 2260/GCQ) and Silver to 27.80 […]

06-08-24 – Gold & Silver are fulfilling analysis for a second drop into ~June 10… Gold & Silver have 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 – ushering in a pivotal top. Silver has […]

06-05-24 – Gold & Silver have 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. Silver has already retraced to its initial downside target (29.50/SIN) but could spike lower if Gold spikes down to/below its […]

06-01-24 – Gold & Silver have consolidated after surging into May 20th and setting initial 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 could retrace to ~2280/GCQ & ~29.50/SIN before resuming their advances. On a broader basis, Silver has a ~14-month/~60-week high-high-(high) Cycle […]

05-30-24 – The 17-Year Cycle remains the primary focus for 2024 – 2026.  It is a unique cycle that has been discussed in INSIIDE Track since the late-1990’s and which is known for its impact on stock market swings. As explained repeatedly, it is also linked to real estate and interest rates, geopolitics and Middle East conflicts, and a host of other related and unrelated events. Very […]

05-29-24 – Gold & Silver have consolidated after surging into May 20th and setting initial 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 have begun to sell off but need daily closes below 2326/GCM (2348/GCQ) & 3019/SIN to signal a higher-magnitude pullback.  If triggered, that would […]