Gold Stocks Outlook for 2020 – 2021: Weekly & Monthly Cycles Projecting Add’l Upside – Both Now (Dec. ’19) & at Two Key Time Periods in 2020!
11/30/19 INSIIDE Track: “One of the interesting aspects of Gold’s 2018/2019 action is a key fundamental that has been discussed for several years. It involves the continuation and intensification of Gold repatriation by major Western nations and central bank buying…
According to multiple articles in 2019, “the volume of gold bought by central banks in 2018 rose to its highest level since the end of the Gold Standard nearly a half a century ago.” —
That factor dovetails with Gold’s cycles and actions in 2018/2019 and could continue to play a key role in 2020 – 2021.
3 – 6 month & 6 – 12 month traders & investors should [reserved for subscribers].
The XAU has steadily rallied since precisely fulfilled its downside objectives in Oct., completing the projected drop to 86.00 – 86.80/XAU while perpetuating an 18 – 19 week low-low-low-(low) Cycle Progression. In contrast to Gold & Silver, the XAU neutralized its weekly uptrend multiple times but did NOT turn that trend down.
That was/is the ideal scenario for a multi-month low and a subsequent rally back to its late-Aug. high (102.29/XAU). That remains the outlook and could be fulfilled by Dec. 13, if another surge is seen in early-Dec.
The XAU is tracing out a textbook Elliott Wave formation with the Oct. low representing the ’4th’ wave low of an overall 5-wave advance… potentially [reserved for subscribers].
The XAU’s recent ‘4th’ wave decline almost perfectly matched the magnitude of the previous ’2nd’ wave decline – providing additional corroboration to this wave interpretation. [Feb. – May ‘19 decline (’2nd’ wave) from 80.76 to 65.85 = drop of 14.91 points. Aug.. – Oct ‘19 decline (’4th’ wave) from 102.29 to 86.84 = drop of 15.41 points.]” See Dec. 2019 INSIIDE Track for additional analysis on gold stocks and the XAU.
Gold/Silver Index (XAU) and related gold stocks remain stronger than metals (since mid-2019) and are fulfilling what was described (as the outlook for 2018 into late-2020/early-2021) in August 2018. On a broader basis, 2020/2021 is the culmination of momentous cycles that have been discussed for two decades – most notably focused on the likely collision of a new Currency War and another military war (both culminating in 2021).
Gold & gold stocks are forecast to see some strong advances… BUT ONLY during specific periods of time and after specific price action unfolds. In between those times, sharp sell-offs are very likely due to major shifts taking hold in the overall currency arena. With the advent of digital currency and other alternatives to traditional ‘money’ – both paper and metals – some future events are likely to take investors by surprise in the coming years.
How Will Gold Stocks Reflect Gold’s Future Role in Money?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.