Gold & Silver Enter Accelerated Phase of Advances: Surge into Feb 21 – 28 on Track.
02/12/22 Weekly Re-Lay – “Gold & Silver are fulfilling projections for a rally into late-Feb… Gold & Silver have again rallied after a quick, sharp pullback in late-Jan (that was not able to turn the daily trends down) that projected a subsequent rally into the second half of Feb ‘22.
That powerfully reinforced the ongoing outlook for another rally into higher highs on Feb 21 – 28 – the latest phase of Gold’s ~7-week low-low-high-high-(high) Cycle Progression that timed the early-Jan peak and the mid-Nov ’21 peak before that.
A top in late-Feb ‘22 would also fulfill the next phase of an overriding 17 – 18 month high (Aug/ Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Jan/Feb ’22) Cycle Progression. Multi-week indicators concurred and projected a new surge in February (ideally lasting into Feb 25)… an overall advance back to 1913 – 1920/ GC remains the primary expectation for the overall advance from mid-Dec ’21.
Corroborating the potential for additional strength in February, the inversely-correlated weekly 21 MARCs started dropping in recent weeks and will continue for another 2 – 3 weeks – strengthening the outlook for an intermediate advance in Feb. That 21 MARC movement helped turn the corresponding weekly 21 MAC back up in Gold and is poised to do the same in Silver in the coming week.
All of this action continues to reflect a 1 – 2 year corrective period that was expected to set a 3 – 6 month (or longer) bottom in late-Sept/early-Oct ’21 and then rally. That is expected to continue.
Those late-Sept ’21 lows need to remain in force if Gold & Silver are to maintain the likelihood for additional gains during this overall rebound (from then). One positive factor about the last 6 – 7 months is that Gold has continued to set a sequence of higher lows, with the late-Jan low (as long as it holds) timing the 4th in that sequence. The next validation would be a rally above the mid-Nov ’21 peak of 1883.3/GCJ.
Gold & Silver neutralized their daily uptrends during the late-Jan sell-off but did not turn those trends down – reinforcing the outlook for another rally in February, leading into a potential high in the second half of the month.
As described last week (Feb 5), Gold was poised to ‘trigger a domino-effect of progressive bullish signals – with the daily 21 MAC turning back up, a subsequent daily close above the daily 21 High MAC and the daily trend turning back up’, following a Feb 7 intra-month trend bullish signal.
That is exactly what has transpired with Gold turning its intra-month trend up on Feb 7 and spurring an accelerated surge into Feb 11 and approaching 1870/GCJ. The daily & weekly 21 MACs are also turning positive, corroborating that…
The XAU & HUI remain in slow, steady recoveries that took hold after longer-term cycles bottom in late-Sept ’21. Secondary lows were set in mid-Dec. and projected overall rallies into late-Feb/early-Mar ’22 – when weekly cycles converge.
That remains the case and they turned their intra-month trends up on Feb 7 – increasing the likelihood for additional upside in the coming days/weeks. Similar to Gold & Silver, that intra-month trend signal triggered a domino-effect of bullish signals that are still in the process of unfolding.
They closed above their daily 21 High MACs as that average was turning higher. That spurred a pullback to the rising 21 Low MAC and a second surge that confirmed strength with another close above the daily 21 High MAC.
That also resulted in the XAU & HUI closing the week above their now-rising weekly 21 High MACs and confirming intermediate lows. A continued surge – into the coming week and ultimately into early-March – is expected to follow.
Copper remains in what is likely to be the final phase(s) of a ~2-year bull market but could still see an additional spike high before the end of 1Q ’22 (that could stretch into March ’22). If that is to remain the case, Copper should not give a weekly close below 4.2820/HGH.
Platinum & Palladium remain strong and are reinforcing bullish signals from mid-Dec – that projected initial surges into late-Jan and which could extend recent gains into mid-Feb. A pullback to ~2100/PAH could be seen in the short term.”
Gold & Silver remain on track for an overall surge into Feb 21 – 28 and to at least 1913 – 1920/GC. Since that would only match previous rallies, and Gold is perceived to be in a higher magnitude advance, it should ultimately exceed 1920/GC and validate the overall outlook for 2022. Short-term cycles & indicators triggered an intervening low and buy signal in late-Jan and Gold has triggered the expected ‘domino-effect’ of bullish signals in recent days – ushering in the accelerated phase of its 4 – 5 month advance.
Platinum & Palladium fulfilled major downside objectives in Dec ‘21 and are signaling 6 – 12 month bottoms and the onset of new multi-month advances… as Copper is fulfilling multi-year upside objectives (and could peak in 1Q ’22).
At the same time, stock market cycles and indicators are projecting another sharp sell-off – reinforcing expectations for a tumultuous period in the coming weeks. Right on schedule, war drums are beginning to beat – validating what gold and the stock market have been reflecting in recent months. How high could Gold & Silver spike???
What is Significance of Feb 21 – 25 Cycles in Gold… and Why Should Metals Spike Up into That Time Frame? How Does This Validate Long-Anticipated War Cycles?
Will Gold Reach/Exceed 1920/GC by/in Late-Feb ’22? What about cycles in April & Sept ’22??
Will Stock Market Sell-off Accelerate with Gold/Silver Surge?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.