Gold & Silver Fulfill March 8 Buy Signal… End of Bullish Cycle.

05-04-23 – “Gold & Silver Rallies Nearing Completion. – Gold & Silver Fulfill Multi-Month Forecast & March 8 Buy Signal; Attack Upside Price Targets During May 3 – 5 Cycle Highs… Nearing End of Bullish Cycle… On March 10 & March 17, 2023, we emailed you with details on the March 8 Weekly Re-Lay buy signal in Gold and explained why the resulting advance should stretch into early-May ‘23 (May 3 – 5 is precise cycle objective, detailed back then).

https://40yearcycle.com/uncategorized/gold-march-8-buy-signal-corroborates-march-3-weekly-signal/

 

On April 12, 2023… updating the details on the March 8 buy signal and reiterating why the resulting advance should stretch into early-May ‘23 (May 3 – 5 is precise cycle objective, detailed back then).  The published upside price target was 2060 – 2080/GC.

https://40yearcycle.com/uncategorized/gold-projected-surge-may-3-5-on-track-buy-signals-intact/

 

the April 11, 2023 issue of The Bridge – Gold, Silver & Elliott Wave (a special, value-added publication for Weekly Re-Lay subscribers only) delved into many aspects of that analysis and what a (then-future) peak on May 3 – 5 ’23 and near 2080/GC would mean for Gold & Silver…

https://40yearcycle.com/uncategorized/gold-early-march-buy-signals-concur/

https://40yearcycle.com/uncategorized/gold-march-8-buy-signal-intact/

https://40yearcycle.com/uncategorized/gold-projected-surge-may-3-5-on-track-buy-signals-intact/

https://40yearcycle.com/uncategorized/gold-buy-signals-intact/

https://40yearcycle.com/slider/silver-set-major-advance/

 

… a decisive peak is becoming MUCH more likely, Gold & Silver are on the cusp of entering an entirely different phase of their 2023/2024 outlook.  That is occurring as the Dollar, Bitcoin, Euro, Bonds, Crude Oil AND Stock Indices are on the verge of entering new trends.”


Gold & Silver have reached multi-month upside targets while fulfilling ongoing projections for a second advance to begin in early-March ‘23 and last into May 3 – 5, ’23, when the next intermediate high was forecast.  Precious Metals fulfilled this with uncanny precision and are now poised for sharp sell-offs in May ‘23… ultimately lasting into mid-to-late-Aug ’23, when the next multi-month bottom is expected.

The XAU & HUI are similar and projected a strong rally to new intra-year highs (into early-May ’23), with upside price targets now fulfilled.  A retest of those targets was seen during early-May ’23 cycle highs and now ushers in the time for a multi-week drop.

 

How High Could Gold & Silver (&XAU) Reach in 2023? 

Is a New MAJOR Bull Market Unfolding… or Just a Comparable Advance??

Will the Outlook for Bonds (Bottom in ~March ’23) & Interest Rates Concur?

 

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.