Metals Trading: Gold & Silver Project Feb. 19 – 22 Peak & Sharp Sell-off; ‘Greatest Synergy of Cycle Highs’ = NOW!
Metals Trading: Gold & Silver Project Feb. 19 – 22 Peak & Sharp Sell-off; ‘Greatest Synergy of Cycle Highs’ = NOW!
02/20/19 INSIIDE Track: Gold & Silver 2019 – Cycle Crescendo?:
Breakin’ It Down…
All of that action – in Gold, Silver and the XAU – reinforced expectations for a strong advance into the latest phase of the 55 – 59 week cycle – in mid-Feb. – mid-March ‘19.
However, key divisions of these cycles (as just described in Silver) are arguing for that peak to come now – during the week when both a corresponding 13 – 14 week & 6 – 7 week cycle converge.
Since the late-Sept. buy signal in Gold (3 – 6 month & 6 – 12 month buy signal addressed in INSIIDE Track), it has been projected to see a strong advance into ~March 2019, with a penultimate peak projected for late-Jan./early-Feb. That has remain unchanged.
In late-Dec./early-Jan., two lesser-degree cycles (half of the 27 – 29 week cycle – or a 13 – 14 week cycle – and then half of that 13 – 14 week cycle, a 6 – 7 week cycle) corroborated Gold’s action and reinforced the outlook for an initial peak in late-Jan./early-Feb. (another 50% division of the smallest 6 – 7 week cycle) and a more significant peak in late-Feb.
That has been a focus in the Weekly Re-Lay, summarized in this Jan. 26, 2019 excerpt:
“The Jan. 4 high perpetuated a 6 – 7 week low-low-low-low-(high) Cycle Progression that next comes into play in late-Feb. and should time another 1 – 3 week peak. In the interim, the midpoint of that 46 – 52 day cycle is coming into play on Jan. 28 – 30 and could time an intervening high.
In between, mid-Feb. is expected to set the next 1 – 2 month low – the latest phase of a ~90-degree cycle in Gold that has timed lows in mid-May, mid-Aug. & mid-Nov. 2018.”
Gold rallied into late-Jan. and then corrected into mid-Feb. – fulfilling corresponding cycle lows on Feb. 13 – 14. It has since surged.
A high on Feb. 19 – 26 would perpetuate a 6 – 7 week low-low-low-low-high-(high) AND a 13 – 14 week low-low-low-low-high-(high) Cycle Progression while also fulfilling the over-arching 27 – 29 week and 55 – 59 week cycles.
So, Feb. 19 – 22 is the period with the greatest synergy of all these cycle highs! ”
Gold & Silver are validating multi-month, multi-week & multi-day cycles converging on Feb. 19 – 22 as they reach extreme upside price targets. Silver’s daily trend pattern and weekly extremes are creating a textbook setup for a divergent peak, showing this is as high as Silver should rally before a plunge back below 15.000/SI. Multiple factors, including the Dollar outlook, usher in a dangerous period between now and early-March.
How Sharp of a Sell-off is Expected?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.