Gold & Silver Poised for Blow-off Surge in Coming Week(s); 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… Gold fulfilled the Feb 5 analysis for ‘a domino-effect of progressive bullish signals’ as it entered the time when an accelerated advance is most likely…
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 [remaining analysis reserved for subscribers]…”
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 – when a series of ascending highs are forecast for precious metals (likely stretching into Aug/Sept ’22).
A sharp spike higher is still expected on Feb 21 – 25 while Silver cycles are arguing for another surge in March ’22 – the next phase of its ~6-month Cycle Progression! 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 March ’22).
At the same time, stock market cycles and indicators remain negative – reinforcing expectations for a tumultuous period in the coming weeks and an overall decline into mid/late-March ‘22. 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 Poised to Trigger Major Rallies in the Entire Precious Metals Complex?
How Do Solar & War Cycles Fit into this Outlook?
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.