IS GOLD DONE AND WHEN SHOULD WE BUY AGAIN?

(4/25) Gold is down impulsively and is closer to minimum support at 3260-55. Lower
support is at 3233 and 3203. We may still see those levels but a B wave bounce to
3430 or 3450 would be a secondary high. That high could come in as late as the 1st
week of May. The minimum correction in the spring would go to 3083 but lower support
to 2905 or 2783 are possible. We do not have a date for a cycle low yet for the early
summer.

GDX looks like it issued a sell signal and only silver has been holding up ok and is
vulnerable.
The larger pattern to the upside this year projects higher prices into October after a
larger pullback to max. 2783- 2800 into the summer. That is a max. pullback but it will
depend on where gold stops. .
OVERALL: The next major cycle high is due Oct 2025 and the estimate cycle low is
due in July which is often a seasonal low.
Larger cycles look higher then into May 2025 and Sept 2025 and another one due
into Dec. 2026. .
CYCLE and PATTERN SYNTHESIS: higher on Sunday and lower into the 30th
.
LARGER CYCLES: . We are watching highs into Sept./October 2025. Longer-term
gold cycles peak into the years 2027-28 and the most exaggerated projection for gold
into that time window is something like 4918 . With a major top for stocks since the
depression low in 1932 into this year, gold may take off as a major asset if the
government does not ban it as it has in the past. .Still, it would take a while for that to
happen.

The dollar seems lower into the end of the year and that may continue to allow higher
numbers for gold after the summer pullback.

ETF GLD: GLD already fell to 300.72 and next major support is at 295 and 293. We may
get a secondary high into the first week of May. The MACD is higher than at the 2011
top. When it falls again, we are looking for 250 and 260 over the next few months but
there will be a secondary high in May.