The Case for a 4th Intermediate Cycle and a $3,500's Target for Gold, plus Weekly Update

• Gold is expected to have one more leg-up during this second daily cycle before reaching its DCH in the coming week or so.

• We maintain our gold target of $3,000 to $3,100 for this current intermediate cycle.

• The case is made for why a fourth intermediate cycle is increasingly likely and we initiate a price target within the $3,500’s range and a timing of m…