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[TTHQ Staff]

Weekly Re-Lay Details Why Precious Metals Would Bottom on April20--24th and Surge into May 18--22nd;

 

SilverTriggers New Buy Signal on May 1st Close...

 

Surge Above1450/SIN (From April 20th Low of 1177/SIN) Expected By Mid-May!

 

4/18/09 WeeklyRe-Lay:  "Gold &Silver fulfilled analysis for declines into mid-April and are poised toset a low in the coming week, in line with Gold’s weekly trendpattern...Gold & Silver have nearly fulfilled the ideal durationfor their ‘c’ wave declines.  A low in the coming week - ideallyon April 20th, completing a 30-degree high-high-low Cycle Progressionthat connects the Feb. 20th high and March 20th secondary high - wouldprovide the optimum scenario.

This is reinforced by thefact that Gold just gave the second neutral signal against its weeklyuptrend.  As a result, the coming week is the most likely for anintermediate low.  The intra-year trend remains neutral in Goldbut is up in Silver.

From a price perspective,Gold & Silver have nearly completed a 50% correction in price - oftheir mid-November to late-February rallies - with the exactretracement coming into play at 858.0/ GCM & 1174.0/SIK. (Silver has important intra-year support nearby, at 1160--1162.0/SIK,increasing the potential for an intermediate bottom around that price.)"
 

 

 4/22/09 WeeklyRe-Lay alert:  "Gold& Silver reversed higher after fulfilling downside objectives intime� and almost inn price.  In addition, Gold is in the weekfollowing its 2nd neutral signal - the week that is the most likely foran intermediate low." 

 

4/25/09 WeeklyRe-Lay:  "Gold &Silver fulfilled the ideal duration for their ‘c’ wave declines andimmediately reversed higher.  The April 20th low completed a30-degree high-high-low Cycle Progression - that connects the Feb. 20thhigh and March 20th secondary high - and set the stage for theoutside-week/2 Close Reversal higher in Silver.

This also followed both metals spiking into -and then reversing higher from - their year-opening ranges� AND� Silverretracing exactly 50% of of its prior advance while Gold bottomed out afew dollars above a 50% retracement.  All of this indicates thatGold & Silver should rally back to their February highs before theyclose below recent lows.  This rally could last into May 18--22nd,fulfilling multiple intermediate cycles." 

 

 5/02/09 WeeklyRe-Lay:  "Gold &Silver have given further confirmation to analysis that they completed‘c’ wave declines (of overall ‘a-b-c’ corrections) and set intermediatelows on April 20th.  These lows completed a 30-degreehigh-high-low Cycle Progression - that connects the Feb. 20th high andMarch 20th secondary high - and immediately led to an outside-week/2Close Reversal higher in Silver.

This also followed both metals spiking into -and then reversing higher from - their year-opening ranges� AND� Silverretracing exactly 50% of its prior advance while Gold bottomed out afew dollars above a 50% retracement.  And, they managed to turnback up before their weekly 21 MACs could flatten or turn down.
All of these factors support the contention that precious metals havecompleted a corrective wave and could/should be in the early stages ofnew impulse waves.  At the very least, Gold & Silver shouldrally back to their February highs - in the next 1-2 months. 

This rally could last into May 18--22nd,fulfilling multiple intermediate cycles�"&nbbsp;

 

 The preceding isa collection of Weekly Re-Lay analysis sinceApril 18th. As a result, Silver did spike to a new low onApril 20th;  Silver did reverse higher and give a powerful weeklysignal on April 24th;  Silver is projected to rally above itsFebruary high (1456.5/SIN) during this advance;  Silver ShouldSurge into May 18--22nd...

 

TheMay 2, 2009 Weekly Re-Lay detailed a new buy signalin Silver that was triggered on the opening of thisweek. Silver has already validated this signal and ispoised to surge to its monthly LHR level in the coming weeks!!!

 

 

  Andthen there are Stock Indices...

 

Since March 2nd, wehave kept you abreast of Eric's projections for a March 2--6th bottomfollowed by a dramatic surge into late-April/early-May.  On March10th, we sent you an e-mail that stated:

 

"...theIndices have the potential to rally into late-April/early-May, 1 year(360 degrees) from their late-April/early-May 2008 peak as well as 180degrees from the early-November 2008 peak and 540 degrees from theearly-November 2007 Nasdaq 100 peak.  A peak inlate-April/early-May would also complete back-to-back, 7-week advancesin the NQ 100 (with the ‘c’ wave rally equaling the duration of the ‘a’wave rally)."

 

The March 2009 & April 2009 INSIIDETracks detailed this analysis and provided multiple chartsthat elaborated on this cycle AND on another critical cycle inmid-June.  The March 2009 INSIIDE Track detailedhow 3--6 month & 6--12 month investors should be buying the marketon March 2--6th, down to 6,450 (the low was 6,469). 

 

Following this, the April 2009 INSIIDETrack reiterated analysis for a surge intolate-April/early-May and provided the level at which these investorsshould begin to lighten up on these long positions.

 

Now, the May 2009 INSIIDETrack has explained when a pullback low is expectedand at what point these investors should look to re-enter theportion of longs that would have been exited (on Friday andtoday).  An initial top is expected at this time... BUT theultimate top is still in the future (exact cycles detailed in the May2009 INSIIDE Track)!

 

The May 2009 INSIIDETrack also detailed Eric's longer-term outlook on Gold& Silver (elaborating on important cycles in June 2009 &January 2010), the Dollar (late-2009 into 2013 could be troubling),Interest Rates (watch June 2009, September 2009 & June2010) and even updated his 'big picture' cycle analysis on thingslike earth-disturbances and long-term cycles of disease (in February& March 2006, he elaborated on hislonger-term cycles that showed influenza cycles peaking in 2009 andother disease cycles converging in 2010--2012;  the May 2009 INSIIDETrack updates this ongoing analysis).

 

Eric will continue to update thisunique analysis and try to keep his readers one step ahead of thecrowd!  

 

Thank you for your continuedinterest in our services.  We wish you the best in the comingmonths... it should continue to be exciting!

 

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