Crude Low Precedes Gold Bottom
Crude Low Precedes Gold Bottom;
Mid-2017 Lows Focus on Sept. ‘17…
Bull Markets Slowly Developing.
07/15/17 Weekly Re-Lay:
“Gold & Silver precisely fulfilled their latest expectation, setting a spike low on July 10th, the latest phase of a ~2-month/60-degreee low (March 10)–low (May 9)–low Cycle Progression AND a 17–19 day high-high-high-(low) Cycle Progression in Gold. It arrived at the midpoint of the 20-week high-low-low-(low) Cycle Progression in Silver.
Gold & Silver both reached the convergence of multiple weekly HLS projections (1199.2–1213/GCQ & 1534.5–1573.5/SIU), fulfilling extreme downside targets & reinforcing the likelihood for an initial low on/around July 10th. The weekly trend patterns also corroborated that analysis…the two biggest advances in Gold – in the past 30 years – began in Sept./Oct. 1999 & Sept./Oct. 2008. That creates a ~9-year low-low-(low) Cycle Progression that next comes into play in Sept./Oct. 2017.
Following those two multi-year bull markets, Gold peaked in Sept. 2011 and set a secondary high in Sept./Oct. 2012. The largest price decline in Gold’s history emerged from those two peaks. So, that 2-month period (Sept./Oct.) has spurred the three biggest moves of the past ~30 years.
5 & 6 years later is Sept./Oct. 2017. Could another major move emerge from that cycle?…
Sept./Oct. 2017 is also when a second Dollar decline is expected to begin and when Crude is expected to set a secondary bottom and begin to move higher. So, all three markets – Gold, US Dollar & Crude – could set secondary (‘2’ or ‘B’) wave extremes and begin ‘3’ or ‘C’ wave moves in Sept./Oct. 2017… at the same time Middle East cycles collide. Hmmmm.”
Gold & Silver corroborating Crude Oil cycles. Crude bottomed in mid-June and metals bottomed a few weeks later – both providing ‘mid-2017 lows’. All three are also expected to see more bullish cycles kick in during the month of September 2017. Secondary (higher) lows are expected to usher in that period. If that occurs, it would powerfully validate expectations for late-2017–Feb. 2018 – when multiple surprises could hit the markets.
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.