Gold And Silver Stock Cycle Bottom Near
There are some regular cycles at play with the Gold and Silver stock leaders.
The metal stocks cycles in Australia lead the rest of world metal stocks. This is because you can make gains on the stock prices as well as the currency price (AUDUSD), this is the world's first go-to gold stock.
The US Fed has just announced inflation is not transitory but is structural. This opens the door for inflation hedging strategies, and gold and silver stocks will be part of this play.
Chart 1 - This shows ASX Newcrest Mining near cycle lows, this is important as Wyckoff logic investors will be watching for 'whale' buying and accumulation swings up and down. Yes, we may see a few more weeks of price moving along range-bound lows but the cycle does say 2022 Q1 should be the start of higher prices for this sector. The red and green cycles do have a good track record, so why not now. Keep an eye on the cycle.
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Chart 2 - XAU cycle lags NCM cycle. Please notice how well it cycles.
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Chart 3 - XAU channels show the pathway forward.
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