Gold & Silver Reach Extremes; Drop Imminent

Gold & Silver Reach Extremes; Drop Imminent;
Sharp Multi-Week Decline Likely…
Sept. 11 – 22 is Precarious Period for Metals.


09/09/17 Weekly Re-Lay:


“Gold & Silver followed through higher after surging to extreme upside weekly & monthly targets.  A top appears imminent…On a larger-scale basis (3 – 6 months, 6 – 12 months and even 1 – 2 years), this latest action serves to corroborate the overall outlook and reinforce the latest phases of that – a secondary low in late-2016 and then a higher low in mid-2017.

With Gold exceeding its April & June ’17 peaks, the yellow metal strengthens the case that it is in a ‘3’ of ‘III’ wave advance – poised to move higher into the first part of 2018, also reinforcing the prevailing outlook for 2017 – 2018.

It also lends credence to the potential that Silver has set a ‘II’ wave low (since its mid-2017 low spiked below its late-2016 low, exhibiting more relative weakness than Gold) and is poised to see a rally from July 2017 into Feb. 2018 (see Sept. 2017 INSIIDE Track).

There are multiple 1 – 3 month (or larger) factors pinpointing the current period for a multi-week – and possibly a multi-month – high in Silver.  They include the midpoint of a ~41-week high – high cycle (described in the Sept. ’17 INSIIDE Track) & the weekly trend pattern as well as the potential inversion of this 30 & 60-degree cycle…

Since mid-2017, when an ascending low (2 of III wave bottom) fulfilled the projected wave structure for 2017, Gold & Silver had adhered closely to their daily & weekly cycles.

They were projected to bottom on July 10 – 12.  They set their lows on July 10.

That was projected to spur a rally into late-July & then a subsequent low on Aug. 7 – 11.  They rallied into late-July & set pullback lows on Aug. 7.

And that was projected to spur another rally into late-Aug. & a correction to another ascending low around Sept. 11.  They rallied into late-Aug. and began to pull back, but could not produce confirming price action & signal a multi-week top.

This type of action (and premature inversion of a daily cycle) is often indicative of a culminating rally so the coming days could produce a more significant peak than what would have been expected.

The (likely) inversion of this latest daily cycle, combined with the weekly trend signal (Silver) and LHRs, sets the stage for a slightly longer-lasting peak that could hold for 1 – 2 months IF Gold & Silver turn their daily & intra-month trends down in the next two weeks…

Gold & Silver could retrace into [reserved for subscribers], the next phase of that ~30-degree cycle, a 3-month/~90-degree high-low-(low) Cycle Progression & a 50% correction in time (2 months up/1 month down).”


Gold & Silver poised for quick, sharp correction beginning on Sept. 11.  Daily price action remained positive into Sept. 8 – extending short-term cycles – but is now turning negative.  The latest surge fulfilled another facet of the overall wave outlook projected for 2017.  Multiple factors continue to focus on a future cycle, when a corrective low is more likely.  See latest publications for updated analysis.

See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.