Gold Portends Late-July ’26 Rally; Silver & White Metals Concur! Multi-Month Low Forming.
06-29-26 – “Outlook 2026 – Progressive Peaks
Since late 2025, INSIIDE Track has detailed analysis for a pair of inflation surges between Dec ‘25 and April ‘27. To start, a major surge in inflation and energy markets was projected for January – April/May 2026… coinciding with a parabolic peak & subsequent sell-off in precious metals in late-Jan ’26.
Similar to viewing a pair of successive mountain peaks, the identification of those two peaks does not always reveal the depth of the ‘valley’ in between. The two ‘future’ peaks can be seen but the first peak must be summited before the intervening valley can be identified.
The same is true in the repeated outlook for an initial inflation surge into, and peak during, April ‘26… and a second surge into April 2027.
In between, there is likely to be a deep valley… as there is between many mountain peaks – with August ‘26 pinpointed as the likely time for a low.
The first set of bullish signals was triggered in April ‘25 and corroborated in Sept/Oct ‘25. That was projected to spur a sharp, inflationary spike up – led by surging energy prices – from mid-Dec ‘25 into mid-April ‘26.
It is important to understand that recent surge in order to properly prepare for the next inflationary move higher:
11-30-25 – ”The GSCI (Goldman Sachs Commodity Index) continues to hold above its Sept ‘24 low and generated a pair of bullish signals in October – turning its weekly trend up and producing a monthly 2 Close Reversal higher. That should spur a new advance that could last, on balance, into April 2026.” — Dec 2025 INSIIDE Track
01-06-26 – ”The GSCI (Goldman Sachs Commodity Index) continues to hold above its Sept ‘24 low and has been trading inside its flattening monthly 21 MAC since June ’25. The inversely-correlated monthly 21 MARC will begin to plunge in Feb ’26 – making it easier for the 21 MAC to turn up. A monthly close above 570/GNX would corroborate that potential.
In mid-Dec, the GSCI spiked to a new multi-week low – perpetuating a ~4-month/~18-week low-low-low-(low) Cycle Progression that could/should now spur a ~4-month/~18-week advance (on balance) into mid-April 2026…” — Jan 2026 INSIIDE Track
01-29-26 – ”As explained last month, the GSCI was tracing out a bullish monthly 21 MAC reversal sequence and could validate that with a monthly close above 570/GNX. That should then be confirmed with the direction of the monthly 21 MAC turning up… most likely in Feb ’26…
All of this corroborates this month’s opening discussion on inflation and ongoing projections for… precious metals’ surges into late-Jan ’26 – when significant peaks were/are a high probability.
In mid-Dec, the GSCI spiked to a new multi-week low – perpetuating a ~4-month/~18-week low-low-low-(low) Cycle Progression that could spur an overall ~4-month/~18-week advance (on balance) into mid-April 2026… — Feb 2026 INSIIDE Track
Whittling Away (The Big Picture)
From a practical trading perspective, it is necessary to identify these specific turning points, buy & sell signals, and ultimate targets.
From a broader economic and financial perspective, it is equally important to see how this latest set of puzzle pieces fit into the overall picture… that is slowly coming into clearer perspective.
40-Year Cycle of Currency War
This is when, and where, it is critical to plug these events back into the over-arching cyclic scenario. Since the early-2010’s, this bigger-picture scenario has been discussed… and the markets have fulfilled a great deal of what was anticipated.
2016 – 2021 was identified as the transition of the latest 40-Year Cycle of Currency War – shifting from the 6th 40YC since the start of America into the 7th and potentially culminating 40YC. It was forecast to yield a momentous 7-year period to follow – from 2022 through 2028 (inclusive reckoning).
40YC Precursors
That period – from 2016 – 2021 – was related to, and compared to, similar periods in 1776 – 1781, 1816 – 1821, 1856 – 1861, 1896 – 1901, 1936 – 1941 & 1976 – 1981. During each of those periods, a major escalation in the war between hard currency (gold, silver, etc.) & fiat currency (debt-based) took place – with the pendulum often swing from one extreme to the other.
2016 – 2021 was a precise 40-Year Cycle from when the Western World officially declared its divorce decree from Gold with the Jamaica Accord of 1976. That ushered in one of the most inflationary periods of the past century (or more) and acted as a precursor to a future period… that is now unfolding.
40 years from the culmination of that cycle (in 1981) was projected to usher in a new and more unique inflationary cycle and a 7-year period (a ‘week’ or larger-magnitude ‘sabbath’) of US Dollar degradation in 2022 – 2028.
Coinciding with that, the 80-Year Cycle of War (previously documented back to the 1200’s) was forecast to spike higher in late-2021 into late-2025 and usher in a geographical seismic shift that would overlap & encompass all of those major cycles.
One major conclusion – published in the late-2010’s & early-2020’s – was that the 2022 – 2028 period would see the loss (or serious diminishing) of the US Dollar as global currency kingpin. By the time 2029 rolls around, the global currency order was/is forecast to look much different than in 2021.
Dollar Degradation
‘Dollar degradation’ – as defined then and now – has little to do with the comparative ‘value’ of the Dollar Index (compared to other fiat currencies) and more to do with its purchasing power, in all forms.
In late-2022, right on schedule, Gold & Silver began a multi-year advance that has seen them multiply exponentially in value. And since that ‘value’ is the price of Gold in US Dollars, it means the Dollar’s relative value has plummeted exponentially.
The next step in that process could begin on July 24th – when China ushers in a new Hong Kong-based clearing system for Gold while simultaneously eliminating retail margin trading in Gold.
The handwriting is on the wall!…
Gold & Silver extended their selling through June, reinforcing the significance of the mid-May ‘26 peaks – set in the week when multiple weekly Cycle Progressions had forecast a secondary top…
From a broader wave perspective, Gold & Silver remain in corrective waves with Gold needing to hold at or above its Oct/Nov ‘25 continuous-contract low around 3900/GC. If that remains the case, the multi-year uptrend would remain in place and would project a new impulse wave higher.
Another significant peak is expected in Oct ’26 that would fulfill a ~4-year low (4Q ’14) – low (Aug/Sept ’18) – low (Sept/Oct ’22) – (high; Sept – Nov ’26) Cycle Progression as well as a ~1-year/~360-degree low (Oct ’23) – high (Oct ’24) – high (Oct ’25) – (high; Oct ’26) Cycle Progression.
That could be reinforced by an intervening low in early-July ‘26.
The XAU & HUI declined from mid-May cycle highs. The weekly trends remain negative and projected an ultimate drop below the mid-March ’26 lows leading into mid-June ’26. That was fulfilled and triggered a quick rally but the intermediate trend remained down.
That could spur another drop into July 6 – 10, ‘26 (July 6 – 8th = most synergy) and fulfill a ~4-month/~17 – 18-week low-low-low-low-(low; Jly 3 – 10, ’26) Cycle Sequence as well as a ~6-week high-high-high-high-(low; July 6 – 10, ’26) Cycle Progression.
Platinum & Palladium peaked in late-Jan ‘26, fulfilling multi-month Cycle Progressions as Platinum reached its latest range-trading target at ~2900/PL – the ideal setup for a 3 – 6-month peak. Platinum is correcting back to its Oct/Nov ‘25 lows (~1500/PL) – the 4th wave of lesser degree support. The monthly 21 Low MAC is rising to meet this decline but is still below 1400/PL.
Platinum remains well above its April ’25 low – set when it fulfilled a 30 – 31-month low (Sept ‘17) – low (March ‘20) – low (Sept ‘22) – (low; Mar/Apr ‘25) Cycle Progression & projected a subsequent ~2.5-year/30 – 31-month rally to follow. The first peak took hold in Jan ‘26… and the valley was entered.
That projected a future 1 – 2-year peak in Sept/Oct 2027. The midpoint of that 30 – 31-month Cycle Progression – in July ‘26 – could usher in the next phase of Platinum’s bull market. Palladium is relatively weaker but could bottom near 1150/PA as it tests its rising monthly 21 Low MAC.
Copper remains on course for an overall advance into the middle part of 2028 (May – August ‘28). That is when a ~4-year/50-51m low (Oct ‘11) – low (Jan ‘16) – low (Mar ‘20) – high (May ‘24) – (high; July/Aug 2028) Cycle Progression would recur (midpoint is June/July ’26) and reinforce a ~6-year/~74-month low (Jan ’16) – high (Mar ’22) – (high; May 2028) Cycle Progression.
That is also when a ~3-year/~36-month low (July ’22) – high & low (July ’25) – (high; July 2028) Cycle Progression overlaps the potential fulfillment of successive 74 month rallies (July – Sept 2028). A ~17-Year Cycle Progression concurs (~4Q 1976 – 4Q 1993 – 1Q 2011 – 2Q/3Q 2028).”
Gold & Silver (as well as other metals & related indexes) are fulfilling ongoing analysis for a multi-month correction that should bottom at or above their Oct/Nov ’25 lows… ideally in early-July ‘26 This is still perceived to be an ‘A-B-C’ correction, with the terminal ‘C’ wave nearing fruition.
Late-June/early-July ’26 is the ideal time for a spike low and the start of a multi-week bottoming process. Late-July/early-August ’26 is shaping up as the most likely time for a new surge to take hold.
All of this remains in the context of the unfolding scenarios projected for 2022 – 2028/2029, with Gold & Silver nearing a transition into the next phase of their over-riding outlook. If they bottom in late-June/early-July ’26, that would powerfully corroborate projections for 3Q & 4Q 2026… as well as analysis for 2026 – 2029! Analysis for the US Dollar & Forex, Interest Rates, Stock Indexes and Bitcoin/cryptos concurs.
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.
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