Gold & Silver Beginning New Rally?

Gold & Silver Beginning New Rally?
XAU/Gold Stocks Still Negative…
Nov. 13 – 17 = Transition Point.


11/01/17 Weekly Re-Lay Alert:


Gold & Silver are rebounding after adhering to a sequence of daily cycles in October – fulfilling expectations for a drop into Oct. 5 – 6, a subsequent rally into Oct. 13/16 and then a drop back to month-opening ranges leading into late-Oct.

The weekly trend patterns remain positive, arguing for a rally back to the September highs.  Gold & Silver need to produce weekly closes above 1297.0/GCZ & 17.100/SIZ to re-enter their weekly uptrends and validate that scenario.

Both metals turned their daily 21 MACs back up and Silver has neutralized its daily downtrend while rebounding.  The daily & intra-month trends would need to turn up in order to signal a new multi-week low and increase the potential for a rally back to the highs.

The XAU (& HUI) remains much weaker than Gold & Silver, reinforcing that by turning the weekly trend down after turning its weekly 21 MAC down.  While doing so, the XAU plummeted to its weekly HLS (weekly extreme downside target) at 81.09/XAU – setting the stage for an intermediate low in the ensuing 2 – 3 weeks.

That corroborates the 3 – 6 month outlook for the next multi-month low to take hold in Nov. 2017 – when monthly cycles converge.

On an intermediate price basis, several factors (monthly HLS, previous low, weekly trend, wave targets, potential monthly LLS, etc.) are projecting a drop to [reserved for subscribers]…

On an intermediate cycle basis, a multi-week low is likely in the first 10 days of Nov., the next phase of geometric cycles – 120 degrees from the July 10 low, 90 degrees from the Aug. 8 low, 60 degrees from the Sept. 7 high & 30 degrees from the Oct. 10 high.

A low on Nov. 6 – 10 would fulfill a ~1-month high-high-(low) Cycle Progression and a ~4-month (a very consistent cycle in metals since 2014) low-low-low-(low) Cycle Progression.  That ~4-month cycle includes lows on Nov. 11, March 9 & July 10 – focusing on the days around Nov. 10.”


Gold & Silver are beginning new rallies (that could ultimately last into late-Dec.) after fulfilling analysis for secondary low in late-October.  Critical confirmation is needed.

In contrast, the XAU (Gold stocks) is projected to drop to new multi-month lows, leading into first half of Nov. 2017.  A bottom would ideally take hold in the days surrounding Nov. 10.  Cycles & indicators poised to turn back up on Nov. 13 – 17.  Multi-month buy signal also triggered in Gold on Oct. 2 – 6; see Oct. 2017 INSIIDE Track for details & strategy.


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