Gold/Silver, XAU/HUI Fulfill Upside Targets & Cycles; Setting Multi-Week Highs.

05-20-24 – Gold & Silver have surged after retracing to, and holding, downside targets at ~2300/GCM & ~26.50/SIN – setting the stage for a new intermediate rally.

Silver is confirming projections that May 2, 2024 ushered in a decisive period when a new multi-week (and likely ~2-month) surge would take hold and fulfill the ‘ideal’ price, wave, and cycle scenario – projecting [reserved for subscribers]…

The buy signals of May 2 – 6th initially validated that scenario and projected a new surge… Gold & Silver were projected to see a rally into May 17 – 24th (greatest synergy of cycles is May 17, 20 & 21st) – the latest phase of daily cycles that helped pinpoint the mid-April ’24 highs.  A blow-off spike high could be taking hold now.

Silver’s initial upside target was at 31.50 – 32.20/SIN and was tested on May 17th, reinforcing the potential that a multi-week peak is close at hand (in time).  It tested and held its daily LHR at the same time, also signaling that a multi-week peak is nearing (usually within 2 – 3 trading days)…

Gold just spiked to a new high, fulfilling its minimum upside target while Silver came close to weekly resistance, peaking right at its intraday Preliminary LLR (29.70 low – 31.18 low projects high near 32.66/SIN)…

The XAU & HUI resumed their advances after consolidating for ~3 weeks during which the XAU dropped right to support (~130.50/XAU) and held, without turning its daily trend down.  That was projected to spur a rally to at least ~148.00/XAU and possibly as high as ~156.50/XAU by/on May 20

1 – 3 month traders & investors could have entered long positions in related instruments (ETFs, stocks, etc.) when the XAU was at 106.00 down to 102.60 in late-February in line with the strategy published at that time. 1/2 of these positions should have been exited when the index hit 134.00/XAU.  The other 1/2 should have been exited at 150.30/XAU.    TRADING INVOLVES SUBSTANTIAL RISK!


 

Gold & Silver fulfilled their early-May buy signals, surging right to upside price targets and into intermediate cycle highs on May 17/20th.  A multi-week top is expected at this time and could spur a sizeable sell-off.

The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for 2024!  Gold is acting as the ‘Canary in the Coal Mine’ and has fulfilled projections to break out to the upside.  However, an ongoing battle with the Dollar Index should intensify volatility in preparation for the biggest surprises in 2025.

 

Gold & Silver Fulfill New Signals & Projected Surges into May 17/20th.

Silver Showing Relative Strength.

40-Year Cycle (Projected) Impact on 2024/2025 Powerfully Reinforced.

 

40-Year Cycle – Dollar Dominion Dilemma & Demise

40-Year Cycle – Currency Wars & Cryptos

Solar, Seismic & Gold Intensity Cycles

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