Gold/Silver/XAU Entering Accelerated Advances; Late-Feb/Early-March Spike Highs Likely!
02/23/22 Weekly Re-Lay Alert – “Gold & Silver are fulfilling the ongoing outlook for an overall rally into higher highs on Feb 21 – 28… Gold could spike significantly higher if this is going to be a (1 – 2 month) blow-off top (with 1990 – 2005/GCJ representing the second upside target).
Silver remains on track for a rally to 25.50/SIH, at a minimum. Weekly LHRs converge at 25.49 – 25.72/SIH and could easily be attacked… Future highs could be seen in April and then Aug/Sept ’22 with Gold & Silver maintaining the potential to set a sequence of ascending highs in 2022.
The XAU & HUI remain in steady recoveries that took hold after longer-term cycles bottomed in late-Sept ’21. Secondary lows were set in mid-Dec. and projected rallies into late-Feb/early-Mar ’22.
That remains the case and they turned their intra-month trends up on Feb 7 – triggering a domino-effect of bullish signals that are still in the process of unfolding. The HUI has surged to levels not seen in almost 8 months while the XAU is on the verge of doing the same.
150 – 152.00/XAU & 305 – 310/HUI are near-term objectives for these advances. However, the XAU could surge as high as its monthly LHR (157.60/XAU).
Platinum & Palladium remain strong and could see surges to ~1140/PLJ & 2550 – 2600/PAH in the short term.”
Gold & Silver are fulfilling 3 – 6 month projections for an overall surge into late-Feb as part of a series of ascending highs forecast for precious metals in 2022 (likely stretching into Aug/Sept ’22).
Silver cycles are arguing for another surge in March ’22 – the next phase of its ~6-month Cycle Progression! XAU & HUI cycles concur and project additional surges in early-March ’22. Platinum & Palladium are reinforcing projected multi-month advances after 6 – 12 month bottoms were signaled in Dec ’21; Copper is fulfilling multi-year upside objectives (and could peak in March ’22).
At the same time, stock market cycles and indicators remain negative – reinforcing expectations for a tumultuous period in the coming weeks and an overall decline into mid/late-March ‘22. War drums are beating louder – validating what gold and the stock market have been reflecting in recent months. How high could Gold & Silver spike???
How Have Precious Metals Cycles Validated War Cycles Forecast for Late-2021 – 2025?
How do Platinum & Palladium’s Dec ’21 Cycle Lows and Major Buy Signals Corroborate??
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.