Silver Fulfills Upside; Gold Projects Continued Advance… XAU & HUI Concur.
01/07/23 Weekly Re-Lay – “Gold & Silver remain strong but have fulfilled the overall outlook for a continued advance into late-Dec/early-Jan. – fulfilling a ~9.5 – 10-month high-high-high-(high) Cycle Progression and the latest phase of a ~6-week high-high-high-high-low-low-low-low-(high) Cycle Progression in Silver.
Gold is reinforcing the potential to stretch this advance… That is corroborated by an over-arching 66 – 68-day low-low-low-high (Dec 1 – 5) – high Cycle Progression in Gold that projects a future multi-week peak for Feb x – x…
Gold & Silver continue to build the case for a major low being set – in Sept ’22 for Silver and 4Q ’22 (Nov ’22) in Gold – the early stages of what could be a new 6 – 12 month (possibly 1 – 2 year) advance.
On a 3 – 6 month basis, Gold has been building an intriguing synergy of cycles – most projecting a high – in late-Feb/early-Mar ’23… the precise time cycles converged in 2022 & timed a decisive peak. If Gold sets a subsequent peak at that time (Feb 27 – Mar 10, ’23), it would perpetuate a 51- 52-week low-low-high-(high) Cycle Progression & complete a 50% rebound in time (34 wks down/17 wks up).
A peak at that time would also reinforce multi-year cycles that come into play later in 2023 – when a more significant peak is most likely. To reiterate, both Gold & Silver could ultimately surge much higher as confirmation to the outlook for a new 6 – 12 month advance from late-’22 into late-’23.
The Nov ’22 INSIIDE Track reiterated this potential and why the early-Sept ’22 low in Silver was likely a major ‘B’ wave low before a 1 – 2 year ‘C’ wave rally…
The XAU & HUI remain on track for overall advances up to (or above) 135 – 137/XAU & 250 – 260/HUI. The Dec ’22 Intra-month PLLRs (which became the Jan ’23 LLRs, so they are valid until Jan 31) are at 133.98/XAU & 256.70/HUI, reinforcing those targets.
Last week’s LHRs (137.07/XAU & 261.98/HUI; valid until Jan 13) as well as the XAU’s monthly 21 Low MARC & 21 High AMAC (136.22 – 138.99/XAU) concur. The coming week’s resistance zone – at 137.29 – 139.84/XAU – corroborates.
Platinum & Palladium remain mixed with Palladium rebounding from multi-month lows as Platinum continues to rally after fulfilling a 12 – 13 week low-low-low-high-high-(low) Cycle Sequence at its early-Sept lows and perpetuating that cycle with a projected 2 – 4 week peak in early-Dec…
Platinum pulled back into Dec 22, maintaining its overall uptrend while signaling a likely 4th wave low. That projected a new surge into the first half of January ’23 and the likely inversion of a related 18 – 19 week low-low-low-low-(high; Jan 3 – 13, ‘23) Cycle Progression.
A peak in the coming week would perpetuate a corroborating ~6-week cycle and portend a future peak [reserved for subscribers]”
Silver fulfilled projections for a multi-month advance to 24.50 – 25.00/SI into early-Jan ’23 when a multi-week or multi-month peak was/is likely. Gold is reinforcing its early-Nov ’22 buy signals and poised to rally above 1900/GC. It’s ~2-month lag (compared to Silver) should extend its advance in Feb/Mar ’23 and impact the overall outlook for 1Q ’23.
The XAU & HUI are corroborating this outlook and on track for surges above 135/XAU & 250/HUI. Platinum has spiked above 1100/PL while fulfilling analysis for a rally into Jan ’23 (Jan 3 – 13 = multi-week peak?).
How High Could Gold Reach in 1Q ‘23?
How Could This Impact Future Cycle Highs (in 3Q ’23)?
How Long Should Silver its early-Jan ’23 Cycle High?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.