Gold & Silver Poised for Blow-off Surge into Feb 21 – 25; War Cycles Concur!
02/19/22 Weekly Re-Lay – “Gold & Silver are fulfilling projections for a rally into late-Feb and to (at least) 1913 – 1920/GC… Gold & Silver are fulfilling the ongoing outlook for an overall rally into higher highs on Feb 21 – 28 – the latest phase of Gold’s ~7-week low-low-high-high-(high) Cycle Progression AND an overriding 17 – 18 month high (Aug/Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Feb ’22) Cycle Progression.
Gold remains on track for an overall advance to at least 1913 – 1920/GC into late-Feb, as has been discussed since the mid-Dec low (and even before then). Gold could spike significantly higher if this is going to be a (1 – 2 month) blow-off top.
On a 3 – 5 & 5 – 10 year basis, Gold has traded in a series of wide but near-equal ranges (300 – 350.0/GC) – roughly bordered by 1060, 1370, 1680 & 1990/GC.
Ever since peaking near 1990/GC in Aug ’20 and plunging to ~1680/GC into March ’21, Gold has traded in smaller ranges of ~80.0/GC – with borders at/near 1680, 1760, 1840 & 1920 (the next would be at ~2000.0/GC, lining up with the broader ~1990.0/GC parameter).
In many respects, the Aug ’20 – Mar ’21 decline has the earmarks of a wave ‘4’ correction, prior to a wave ‘5’ finale (which likely began in March ’21). In late-Sept ’21, major cycle lows corroborated, creating a divergent bottom with Silver, Platinum, XAU and HUI all setting lower lows while Gold held at/above its March ’21 low.
That was expected to usher in a 3 – 6/6 – 12 month (or longer) bottom and the onset of a new impulse wave higher in Gold and other metals. On an intermediate basis, Gold was forecast to rally into Nov 15 – 19 before setting an initial peak.
Subsequent peaks were projected for early-Jan and then a higher high on Feb 21 – 25 ’22. Gold has followed that script closely and is poised to create a spike high in the coming ~week.
Future highs could be seen in April and then Aug/Sept ’22. Gold & Silver have the potential to set a sequence of ascending highs in 2022 – even though that does not project a non-stop uptrend.
In many cases, a market will consolidate for the majority of a cycle and then trigger a quick surge to new highs at the tail-end of that cycle… as Gold is now doing. Intervening price action and indicators need to pinpoint more specifics within those cycles.
Gold & Silver are fulfilling the outlook for new advances leading to a late-Feb peak. Gold fulfilled the Feb 5 analysis for ‘a domino-effect of progressive bullish signals’ as it entered the final 2 – 3 weeks of this latest cycle – the time when an accelerated advance is most likely.
At the same time, Gold is fulfilling what has been anticipated since mid-Dec – a rally into Feb 21 – 25 and up to (at least) 1913 – 1920/GC. It could spike higher leading into this peak with weekly and monthly extremes coming into play around 1950 – 1960/GCJ. Silver is lagging but could see a spike up to ~25.50/SIH before this advance is complete.
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.
Copper remains in what is likely to be the final phase(s) of a ~2-year bull market but could still see an additional spike high before the end of 1Q ’22 (that could stretch into March ’22). If that is to remain the case, Copper should not give a weekly close below 4.2820/HGH.
Platinum & Palladium remain strong and could see surges to ~1140/PLJ & 2550 – 2600/PAH before initial peaks are set.”
Gold & Silver remain on track for an overall surge into Feb 21 – 25/(28) and to at least 1913 – 1920/GC but could easily reach 1950 – 1960/GC since Gold is perceived to be in a higher magnitude advance. That would further validate the overall outlook for 2022. Late-Jan action ushered in the accelerated phase of its 4 – 5 month advance in fulfillment of the 90/10 Rule of Cycles. A sharp spike higher is still expected on Feb 21 – 25!
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 1Q ’22).
At the same time, stock market cycles and indicators remain negative – reinforcing expectations for a tumultuous period in the coming week. War drums are beating louder – validating what gold and the stock market have been reflecting in recent months. How high could Gold & Silver spike???
What is Significance of Feb 21 – 25 Cycles in Gold… and Why Should Metals Spike Up into That Time Frame? How Does This Validate Long-Anticipated War Cycles?
Will Gold Reach/Exceed 1920/GC by/in Late-Feb ’22? What about cycles in April & Sept ’22??
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.