Gold & Silver Fulfill December ’23 Cycle Highs; Focus on April & July 2024.
12-12-23 – “Gold & Silver are closely adhering to their 4Q 2023 outlook. They sold off sharply after precisely fulfilling upside projections, spiking to new highs on Dec 4th – with Gold perfectly fulfilling its upside wave target at 2152/GCG (intraday high was 2152.6/GCG) – and setting what would likely be multi-week highs.
Gold also attacked and held its Intra-month PLLR (2149/GCG), reinforcing the likelihood for a peak near/at 2152/GCG.
In doing so, Gold spiked to a new all-time high – a likely time for some profit-taking (selling) to be triggered. By extending that rally into Dec 4, ‘23, Gold fulfilled a ~31-week low-high-(high) Cycle Progression from its 2022 low & completed equal-duration rallies from the early-Oct ’23 cycle low.
It also fulfilled analysis for the latest 1 – 2 week peak to take hold around Dec 4, ’23, in sync with normal intra-month action and various cycles as well as a ~30-day related cycle that has created 1 – 2 week (or longer) peaks – within 3 – 4 trading days of the start of each month – in 6 of the past 9 months.
This spike high also fit perfectly with Silver’s weekly & monthly LHR indicators after Silver fulfilled November expectations for a rally to ~25.70/SIH by/on Nov 30, ’23 – that strengthened the case for a culminating spike high in early-Dec ’23.
The surge into that peak – another prime example of the 90/10 Rule of Cycles in Gold & Silver – accelerated in the weeks surrounding Nov 20 – 24, ’23 – the ideal time for the weekly 21 MACs to turn up (due partially to the declining 21 MARCs). Both turned their weekly 21 MACs up on Nov 20 – 24th, fulfilling that pattern and reinforcing the outlook for a surge into Dec 4, 2023.”
Gold & Silver fulfilled ongoing projections for a second sharp multi-week rally in 4Q ’23, projected to stretch into early-December ’23 (Dec 4th would fulfill greatest synergy of cycles) & create a Gold spike above its early-May ’23 peak (2152/GCG = ideal target – where other upside targets converge).
Gold perfectly fulfilled that, peaking at 2152/GCG on December 4, 2023… another prime example of the 90/10 Rule of Cycles! Similar surges could be seen leading into future cycle peaks in mid-April and mid-July 2024… the next phase of Gold’s ~31-Week Cycle Progression.
The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for late-2023 – late-2024! This should have a dramatic impact on the US Dollar and could coincide with a pullback in interest rates. Early-December provided the latest corroboration to that outlook with Gold reinforcing its role as the ‘Canary in the Coal Mine’.
How Does Gold’s Recent Surge & Peak Reinforce Analysis for July 2024?
What Type of Events Could be Unfolding to Spur Accelerated Gains in Gold?
The January 2024 INSIIDE Track will begin to elaborate on the outlook for 2024 and the potential for ‘Black Swan’ events in line with the 40-Year AND 17-Year Cycles! Refer to the April 11, 2023 special issue of The Bridge – Gold, Silver and Elliott Wave Structure – and subsequent reports – for expanded analysis and charts as well as discussion on why, how & when Gold is most likely to break out to the upside (in 2024) following a multi-year ‘flat correction’.
“Gold, Silver and Elliott Wave Structure”
“40-Year Cycle – Dollar Dominion, Dilemma & Demise”
“40-Year Cycle – Currency Wars & Cryptos”
“Solar, Seismic & Gold Intensity Cycles”
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.