Gold & Silver Confirming 2024/2025 Outlook; Surge into Mid-April ’24 Likely!
03-28-24 – Gold & Silver remain on track for an overall advance – from October ‘22 and October ‘23 – into xxxxx…
On an intermediate basis, Gold & Silver were forecast to enter another sharp rally in March ‘24 after fulfilling cycle lows and triggering multi-month buy signals in mid-February. While setting those lows, Silver also held the low it set in Jan 17 – 24, ’24 – the latest phase of a ~15-week low-low-low-(low) Cycle Progression.
Those buy signals projected a Gold surge to ~2300 (2320/GCM) leading into late-March/early-April ’24. As part of that, Gold has broken out to new all-time highs – reinforcing the overall outlook for late-2022 through late-2025…
Gold & Silver continue to trace out movement that parallels their 2016 – 2020 bull markets…
In 2016, Gold & Silver rallied for 7 – 8 months before selling off for the ensuing ~5 months and retracing 70 – 75% of their initial rallies.
In 2022/2023, Gold & Silver rallied for 7 – 8 months before selling off for the ensuing ~5 months and retracing 70 – 75% of their initial rallies.
That set the stage for ‘3rd waves’ – on multiple levels to begin to take hold… with the first being an accelerated surge into early-Dec ‘23 and the second being a subsequent surge in March ’24.
In 2016/2017, Gold subsequently rallied for ~9 months – into Sept 2017 – before setting a 1 – 2 year peak. The parallels could continue…
In 2023/2024, Gold is forecast to rally into xxxxx…
As stated in February: “Ideally, a higher (secondary) low would be set… in mid-February 2024… and trigger an initial sharp surge.”
That is exactly what transpired with Gold spiking to its lowest point of the year and completing an ‘a-b-c’ correction on February 14, 2024… That was projected to begin with a surge into [reserved for subscribers]…
On a broader basis, Gold & Silver continue to reinforce analysis that projected major, multi-year lows to take hold in late-2022 and lead to a multi-year advance into 2024 and likely 2025. As is often the case, this is occurring while the US Dollar is rallying – despite what many traders still believe is the norm.
There are so many other factors supporting Gold at this time that the Dollar’s role is NOT the primary influence. A recent quote from cnbc.com summarizes one of the additional factors:
3-26-24 – “Gold prices are also supported by elevated physical demand from Chinese households amid some skepticism about the prospects for the country’s real estate and stock market… Purchases by central banks, which are less price sensitive than retail consumers, also remain strong…
China’s central bank has been the most active buyer since late 2022. “The motivating factor for their gold purchases is diversification away from the G7 currencies, after these currencies were weaponized in 2022 following the (Russia-)Ukraine war,” Shah said.” — cnbc.com
Gold & Silver are fulfilling their mid-February buy signals – projecting acceleration higher into at least April 12, 2024. A myriad of cycles peak between April 12th & April 19th and should time an initial, 1 – 2 week high…
Gold & Silver Projecting Accelerated Surges into April 2024; Middle East Cycles Collide!
The current advance is projected to take Gold above 2320/GCM with Silver projected to exceed 28.00/SIK as the XAU surges to/above 137.00 into April 2024. Secondary (higher) targets could be reached by/in mid-April 2024.
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 in March 2024!
Related cycles reinforce the likelihood for intensification of Middle East War Cycles in 2024 – with a new escalation of Iran vs Israel conflict likely to spur gains in Gold & Silver. Watch March 20 into April 19/20 as the most likely time for escalation of tensions in the Middle East, new surges in Gold & Silver, AND a sell-off in stock markets. (The March 2024 INSIIDE Track recently elaborated.)
A 180-degree move from the October 7, 2023 attack on Israel arrives in early-April ’23… a cyclically likely time for a new attack of some form… and acceleration higher in precious metals.
What Will Gold Surge Portend for Other Markets??
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.