Gold Cycle Still Strong Until Sept. 25th
December Gold
MORNING COMMENTS: Gold is only up slightly, but it will not take much to take out 3715, and that could continue the rally, and even 3830 later in the month is not far-fetched. The pullback we saw Thursday, which projected as low as 3571, is not being reflected in the cycles, and geopolitical tensions are too high to give it much of a chance.
WORSE CASE PULLBACK: We did get a reaction off the key resistance area, but it stayed under 3715 and could pull back to 3571 and max. 3571. That will set up a buy.
BOTTOM LINE: If the market surpasses 3715, it will then likely take off toward 3789, 3841, and 3885. The most bullish pattern for the Nov. high is 3969 or 4100 even.
We must remember that this market will be higher until September 25. Gold will have to take out 3495 to negate the uptrend. We continue to underestimate this market and expect acceleration rather than capitulation.
LARGER PICTURE: The current move is starting to project 4508 and 4909. As indicated by the monthly chart, we are not yet clear when that will materialize. However, we have noted cycle highs into November of this year and into May 2026.
OVERALL: The next major cycle high is expected in November 2025.
LARGER CYCLES: . We are watching highs into Nov. 2025. Longer-term gold cycles peak in the years 2027-28, and the most exaggerated projection for gold in that time window is around 4,918 but much higher is possible if we do get some of the economic collapses in the world that have been pending with 115 trillion dollars of world debt. . With a major top for stocks since the Depression low in 1932, gold may become a significant 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 ETF GLD is projecting 350 this fall .
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