2020 – 2021 Gold Outlook II: Weekly & Monthly Cycles Portend Sharp Swings in 2020! Price Targets Could Surprise Traders…
11/30/19 INSIIDE Track: “Gold & Silver remain below the peaks set in late-Aug./early-Sept. – peaks that were set while fulfilling and perpetuating an uncanny web of weekly cycles that has governed Gold since before its 3Q 2011 peak. That high was/is expected to hold for 3 – 6 months and then yield to the next significant peak in March/April 2020.
That web of cycles includes ~7-week, ~14-week, ~28-week, ~56-week and even ~112-week cycles. The two smallest of these have been projecting a subsequent high for early-Dec. (Dec. 2 – 13, ’19) with the greatest synergy of cycles on Dec. 6 – 13 – the latest phase of ~7 & ~14 & the midpoint of the latest ~28-week cycle. Silver has an overlapping 27 – 28 week cycle converging at the same time.
Metals have rebounded since selling off into Nov. 12, with Gold completing successive 10-week corrections while Silver attacked its primary (multi-month) downside target at 16.50 – 16.80/SIZ, fulfilling a larger-magnitude downside objective and setting the stage for a 1 – 2 month low.
Silver’s test of 16.50 – 16.80/SI also had it attacking the highs of Jan. ’19 – a critical level of 6 – 12 month ‘resistance turned into support’. That intra-year trend support could hold through year-end, reinforcing the potential for a rebound into Dec. 6 – 13 before a new sell-off is more likely.
The important filter is the weekly trend indicator, which is down in both metals. That allows for a multi-week bounce into early-Dec. but projects another wave down after that peak.
As for the coming months [specific outlook for 2020 reserved for subscribers]…
One of the interesting aspects of Gold’s 2018/ 2019 action is a key fundamental that has been discussed for several years. It involves the continuation and intensification of Gold repatriation by major Western nations and central bank buying…
According to multiple articles in 2019, “the volume of gold bought by central banks in 2018 rose to its highest level since the end of the Gold Standard nearly a half a century ago.” —
That factor dovetails with Gold’s cycles and actions in 2018/2019 and could continue to play a key role in 2020 – 2021.
3 – 6 month & 6 – 12 month traders & investors should [reserved for subscribers].” See Dec. 2019 INSIIDE Track for additional analysis pertaining to gold & silver.
2020/2021 is the culmination of momentous cycles that have been discussed for two decades – most notably focused on the likely collision of a new Currency War and another military war (both culminating in 2021). Gold & Silver are forecast to see some strong advances… BUT ONLY at specific times and after specific price action. In between, sharp sell-offs are very likely due to seismic shifts unfolding for precious metals.
With the advent of cryptocurrency and other alternatives to traditional ‘money’ – both paper and metals – some future events are likely to take investors by surprise in the coming years.
What is Gold’s Future Role in Money… and How is Our Digital World Complicating That?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.