Gold & Silver Fulfilling Cycles; Project Future Highs in Mid-Oct – Early-Nov ‘23.
08-31-23 – “Gold & Silver remain in a wide (intra-year) range of trading, tracing out a perceived bottoming process in 2023 before cycles and the expected wave structure turn more bullish in 2024 and beyond. Fundamentals are also projected to turn more supportive in 2024 – as the Dollar & interest rates are expected to retreat.
The first (2023) multi-month peak in Gold & Silver was forecast to occur in early-May ’23. A second (2023) multi-month peak has been forecast to subsequently occur in mid-Oct ’23 (Silver) to late-Oct/early-Nov ’23 (Gold). An intervening multi-week high was forecast to take hold in late-Aug/early-Sept ’23 and corroborate that outlook. It appears to be occurring now.
The following recap reiterates this key analysis that should be kept as the primary focus for the coming months:
8-26-23 – “Looking out over the coming weeks & months, Silver appears to be providing the clearest clues. It set a secondary peak in mid-July, fulfilling a ~3-month/~90-degree Silver cycle from its mid-April & mid-Jan ’23 highs. Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points that preceded multi-week declines.
That mid-July ’23 high perpetuated a ~3-month/ ~90-degree low-low-high-high-(high) Cycle Progression that projects a future high in mid-Oct ’23.** The midpoint of that cycle was/is projected to produce an intervening peak, after an initial surge, in early-Sept ’23.
That early-Sept potential high dovetails with the next phase of an overlapping ~4-month/17 – 18-week low-low-high-high-(high) Cycle Progression – peaking on Aug 28 – Sept 8, ’23.
Early-Sept ‘23 is also the midpoint of its over-arching ~8-month/35 – 37-week low-low-low-high-(high) Cycle Progression that projects a future peak in Jan ’24.”
8-23-23 – “Gold & Silver remain in multi-month corrections from their cycle highs on May 3 – 5… A secondary peak arrived in mid-July, fulfilling a ~3-month/~90-degree Silver cycle from its mid-April & mid-Jan ’23 highs. Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points that preceded multi-week declines.
The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23. . The midpoint of that cycle was/is projected to produce an intervening peak, after an initial surge, in early-Sept ’23.
That dovetails with the next phase of an overlapping ~4-month/17 – 18-week low-low-high-high-(high) Cycle Progression and the midpoint of its over-arching ~8-month/35 – 37-week low-low-low-high-(high) Cycle Progression that projects a future peak in Jan ’24 – peaking on Aug 28 – Sept 8, ’23…
These spike lows provide the minimum necessary to fulfill those indicators but do not automatically signal a multi-month bottom… Looking ahead, the focus remains on the potential for a future, more significant peak in late-Oct/early-Nov ‘23 – the next phase of a consistent ~9.5-month cycle that timed the March ‘22 peak and then the early-Jan ‘23 peak. It would also fulfill an over-arching ~19-month high-high-high-(high) Cycle Progression in Silver & complete a ~1-year/~360-degree advance in Gold.”
8-21-23 – “Gold & Silver remain in multi-month corrections from their cycle highs on May 3 – 5… A secondary peak arrived in mid-July, fulfilling a ~3-month/~90-degree Silver cycle from its mid-April & mid-Jan ’23 highs. Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points that preceded multi-week declines.
The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23. In the midst of these cycle highs, Gold & Silver have corrected into the latest phase of a consistent 22 – 23-week high-high-high-high-low-low-(
These spike lows provide the minimum necessary to fulfill those indicators but do not automatically signal a multi-month bottom… Looking ahead, the focus remains on the potential for a future, more significant peak in late-Oct/early-Nov ‘23 – the next phase of a consistent ~9.5-month cycle that timed the March ‘22 peak and then the early-Jan ‘23 peak. It would also fulfill an over-arching ~19-month high-high-high-(high) Cycle Progression in Silver & complete a ~1-year/~360-degree advance in Gold.”
8-19-23 – “Gold & Silver remain in multi-month corrections from their cycle highs on May 3 – 5… A secondary peak arrived in mid-July, fulfilling a ~3-month/~90-degree Silver cycle from its mid-April & mid-Jan ’23 highs. Those highs were preceded by lows in mid-Oct & mid-July ’22… and a high in mid-April ’22… a consistent string of ~3-month turning points that preceded multi-week declines.
The mid-July ’23 high fulfilled a ~3-month/~90-degree low-low-high-high-(high) Cycle Progression and projects another high in mid-Oct ’23. In the midst of these cycle highs, Gold & Silver have corrected into the latest phase of a consistent 22 – 23-week high-high-high-high-low-low-(
These spike lows provide the minimum necessary to fulfill those indicators but do not automatically signal a multi-month bottom… Looking ahead, the focus remains on the potential for a future, more significant peak in late-Oct/early-Nov ‘23 – the next phase of a consistent ~9.5-month cycle that timed the March ‘22 peak and then the early-Jan ‘23 peak. It would also fulfill an over-arching ~19-month high-high-high-(high) Cycle Progression in Silver & complete a ~1-year/~360-degree advance in Gold.”
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.