I’ve been looking more closely at the cycle timings and trying to achieve a ‘best fit’. I’m sticking with my target of around $2500, but I’m highlighting that it may be reached in Summer 2019. 2020 is still possible, it just depends how things develop into the cycle highs – they do have some ‘wriggle room’. There are other, even more ‘bullish’ interpretations, but I’m going to discount them unless things start to accelerate ahead of my expectations. We’ve seen another weekly close above the breakout (now support) line of the massive bullish symmetrical triangle. For that reason, I’m discounting any ‘bearish’ projections. If we find ourselves back inside the triangle, I’d be seriously worried. I don’t expect that to happen though. The dollar is locked into the down phase of its 16 year cycle, and gold is in the opposite position. The stars should be aligning here. The miners are still lagging, so once we clear the $1300-$1315 area, I would expect a surge in the miners and a big surge in silver, which has a lot of catching up to do. If I’m right, the next few weeks/months are going to be fun. Below is a log chart of gold, with the cycles shown by the red and blue lines at regular intervals. Notice also the TSI rising and crossing above zero for the first time in 16 years (as you would expect at the birth of a new cycle). Following a correction sometime late 2019-2020, I’d expect the final, spectacular phase of this bull cycle to commence, and then complete in the mid 2020’s. We can develop these thoughts as events unfold.

As I’ve already said, gold will need a VERY good reason not to rally hard here.