Gold/Silver, XAU/HUI Fulfilling Surges into May 17/20th.
05-15-24 – Gold & Silver have rallied after retracing to, and holding, downside targets at ~2300/GCM & ~26.50/SIN without turning their new intra-month trends down. They both subsequently turned their intra-month trends up, projecting intra-month rallies into May 15 – 17th.
Silver is confirming projections that May 2, 2024 ushered in a decisive period when a new multi-week… surge would take hold and fulfill the ‘ideal’ price, wave, and cycle scenario…
The buy signals of May 2 – 6th initially validated that scenario and projected a new surge… Silver’s initial, multi-week upside target is 31.50 – 32.20/SIN… On a near-term basis, Gold remains on track for a retest of its April ’24 high..
On a near-term basis, 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.
The XAU & HUI have 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.
It remains capable of seeing a rally to ~148.00/XAU and could surge to 150.50 – 152.00/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 102.60 – 106.00 in late-February ‘24 – when the buy signal was published – and exited 1/3 of those positions when 134.00/XAU was hit. Another 1/3 could have been exited when 138.00/XAU was hit.
Exit the remaining 1/3 on a daily close below 137.50/ XAU (or a test of 156.40/XAU).. TRADING INVOLVES SUBSTANTIAL RISK!
Gold & Silver are fulfilling their early-May buy signals, surging toward upside price targets and into intermediate cycle highs on May 17/20th. A multi-week top is expected around May 20th 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 Fulfilling 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.